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Bitcoin Standard Treasury Company

CEPO

Market valuation vs the Bitcoin it holds

0.26×
Discount
a 74% discount to Bitcoin NAV

Bitcoin Standard Treasury Company trades at 0.26× its Bitcoin NAV — you pay 26¢ for every $1 of Bitcoin it holds, a 1.91B USD pile.

Live · last updated

BTC held
30.0K BTC
Bitcoin treasury
Bitcoin NAV
1.91B USD
at today's BTC price
Market cap
271.3M USD
Fully diluted
Share price
10.6 USD
USD
Last BTC buy
30.0K BTC
Jul 22, 2025

mNAV over time

Full history · diluted

Today's 0.26× sits in a 52-week range of 0.06× to 0.15×.

mNAV · 52-week range
0.06×–0.15×
0.06×now 0.26×0.15×

About Bitcoin Standard Treasury Company

Bitcoin Standard Treasury Company (CEPO) owns 30.0K BTC. At today's price that Bitcoin is worth 1.91B USD. The market caps the whole company at 271.3M USD 0.26× its Bitcoin. Put plainly: you pay 26¢ for every $1 of Bitcoin it holds, a 74% discount to simply owning the coins. It bought in at an average of 1 USD per coin.

Bitcoin Standard Treasury Company (CEPO) mNAV — frequently asked

What is Bitcoin Standard Treasury Company (CEPO)'s mNAV?
Bitcoin Standard Treasury Company's mNAV is currently 0.26×. mNAV divides CEPO's market capitalisation by the value of the Bitcoin it holds, so 0.26× means the market values the company at 0.26× the worth of its Bitcoin treasury (1.91B USD).
Is Bitcoin Standard Treasury Company (CEPO) overvalued versus its Bitcoin?
At 0.26×, Bitcoin Standard Treasury Company (CEPO) trades at a 74% 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 0.06×–0.15×.
How much Bitcoin does Bitcoin Standard Treasury Company (CEPO) hold?
Bitcoin Standard Treasury Company holds 30.0K BTC, worth 1.91B USD at current prices. Its most recent purchase was 30.0K BTC on Jul 22, 2025.

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