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Bitcoin Group SE

ADE.DE

Market valuation vs the Bitcoin it holds

0.59×
Discount
a 41% discount to Bitcoin NAV

Bitcoin Group SE trades at 0.59× its Bitcoin NAV — you pay 59¢ for every $1 of Bitcoin it holds, a 228.8M USD pile.

Live · last updated

BTC held
3,605 BTC
Bitcoin treasury
Bitcoin NAV
228.8M USD
at today's BTC price
Market cap
136.8M USD
Fully diluted
Share price
24 EUR
EUR
Last BTC buy
16 BTC
Feb 9, 2025

mNAV over time

Full history · diluted

Today's 0.59× sits in a 52-week range of 0.51× to 0.76×.

mNAV · 52-week range
0.51×–0.76×
0.51×now 0.59×0.76×

About Bitcoin Group SE

Bitcoin Group SE (ADE.DE) owns 3,605 BTC. At today's price that Bitcoin is worth 228.8M USD. The market caps the whole company at 136.8M USD 0.59× its Bitcoin. Put plainly: you pay 59¢ for every $1 of Bitcoin it holds, a 41% discount to simply owning the coins. It bought in at an average of 54.0K USD per coin.

Bitcoin Group SE (ADE.DE) mNAV — frequently asked

What is Bitcoin Group SE (ADE.DE)'s mNAV?
Bitcoin Group SE's mNAV is currently 0.59×. mNAV divides ADE.DE's market capitalisation by the value of the Bitcoin it holds, so 0.59× means the market values the company at 0.59× the worth of its Bitcoin treasury (228.8M USD).
Is Bitcoin Group SE (ADE.DE) overvalued versus its Bitcoin?
At 0.59×, Bitcoin Group SE (ADE.DE) trades at a 41% 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 0.51×–0.76×.
How much Bitcoin does Bitcoin Group SE (ADE.DE) hold?
Bitcoin Group SE holds 3,605 BTC, worth 228.8M USD at current prices. Its most recent purchase was 16 BTC on Feb 9, 2025.

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