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Keel Infrastructure

BITF.TO

Market valuation vs the Bitcoin it holds

15.96×
Premium
a 1496% premium to Bitcoin NAV

Keel Infrastructure trades at 15.96× its Bitcoin NAV — you pay $15.96 for every $1 of Bitcoin it holds, a 161.1M USD pile.

Live · last updated

BTC held
2,469 BTC
Bitcoin treasury
Bitcoin NAV
161.1M USD
at today's BTC price
Market cap
2.57B USD
Fully diluted
Share price
6.01 CAD
CAD
Last BTC buy
911 BTC
May 15, 2026

mNAV over time

Full history · diluted

Today's 15.96× sits in a 52-week range of 4.06× to 26.96×.

mNAV · 52-week range
4.06×–26.96×
4.06×now 15.96×26.96×

About Keel Infrastructure

Keel Infrastructure (KEEL.TO) owns 2,469 BTC. At today's price that Bitcoin is worth 161.1M USD. The market caps the whole company at 2.57B USD 15.96× its Bitcoin. Put plainly: you pay $15.96 for every $1 of Bitcoin it holds, a 1496% premium for everything that isn't the Bitcoin. It bought in at an average of 81.5K USD per coin.

Keel Infrastructure (KEEL.TO) mNAV — frequently asked

What is Keel Infrastructure (KEEL.TO)'s mNAV?
Keel Infrastructure's mNAV is currently 15.96×. mNAV divides KEEL.TO's market capitalisation by the value of the Bitcoin it holds, so 15.96× means the market values the company at 15.96× the worth of its Bitcoin treasury (161.1M USD).
Is Keel Infrastructure (KEEL.TO) overvalued versus its Bitcoin?
At 15.96×, Keel Infrastructure (KEEL.TO) trades at a 1496% premium 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 4.06×–26.96×.
How much Bitcoin does Keel Infrastructure (KEEL.TO) hold?
Keel Infrastructure holds 2,469 BTC, worth 161.1M USD at current prices. Its most recent purchase was 911 BTC on May 15, 2026.

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