A
ANAP
3189.TMarket valuation vs the Bitcoin it holds
0.29×
Discount
a 71% discount to Bitcoin NAV
ANAP trades at 0.29× its Bitcoin NAV — you pay 29¢ for every $1 of Bitcoin it holds, a 90.8M USD pile.
Live · last updated
BTC held
1,423 BTC
Bitcoin treasury
Bitcoin NAV
90.8M USD
at today's BTC price
Market cap
26.7M USD
Fully diluted
Share price
97 JPY
JPY
Last BTC buy
0.69 BTC
Apr 21, 2026
mNAV over time
Full history · dilutedToday's 0.29× sits in a 52-week range of 0.29× to 5.85×.
mNAV · 52-week range
0.29×–5.85×
0.29×now 0.29×5.85×
About ANAP
ANAP (3189.T) owns 1,423 BTC. At today's price that Bitcoin is worth 90.8M USD. The market caps the whole company at 26.7M USD — 0.29× its Bitcoin. Put plainly: you pay 29¢ for every $1 of Bitcoin it holds, a 71% discount to simply owning the coins. It bought in at an average of 725 USD per coin.
ANAP (3189.T) mNAV — frequently asked
- What is ANAP (3189.T)'s mNAV?
- ANAP's mNAV is currently 0.29×. mNAV divides 3189.T's market capitalisation by the value of the Bitcoin it holds, so 0.29× means the market values the company at 0.29× the worth of its Bitcoin treasury (90.8M USD).
- Is ANAP (3189.T) overvalued versus its Bitcoin?
- At 0.29×, ANAP (3189.T) trades at a 71% discount to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 0.29×–5.85×.
- How much Bitcoin does ANAP (3189.T) hold?
- ANAP holds 1,423 BTC, worth 90.8M USD at current prices. Its most recent purchase was 0.69 BTC on Apr 21, 2026.
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