Coinbase
COINMarket valuation vs the Bitcoin it holds
46.59×
Premium
a 4559% premium to Bitcoin NAV
Coinbase trades at 46.59× its Bitcoin NAV — you pay $46.59 for every $1 of Bitcoin it holds, a 1.05B USD pile.
Live · last updated
BTC held
16.5K BTC
Bitcoin treasury
Bitcoin NAV
1.05B USD
at today's BTC price
Market cap
43.1B USD
Fully diluted
Share price
163 USD
USD
Last BTC buy
1100 BTC
May 7, 2026
mNAV over time
Full history · dilutedToday's 46.59× sits in a 52-week range of 37.44× to 97.44×.
mNAV · 52-week range
37.44×–97.44×
37.44×now 46.59×97.44×
About Coinbase
Coinbase (COIN) owns 16.5K BTC. At today's price that Bitcoin is worth 1.05B USD. The market caps the whole company at 43.1B USD — 46.59× its Bitcoin. Put plainly: you pay $46.59 for every $1 of Bitcoin it holds, a 4559% premium for everything that isn't the Bitcoin. It bought in at an average of 62.4K USD per coin.
Coinbase (COIN) mNAV — frequently asked
- What is Coinbase (COIN)'s mNAV?
- Coinbase's mNAV is currently 46.59×. mNAV divides COIN's market capitalisation by the value of the Bitcoin it holds, so 46.59× means the market values the company at 46.59× the worth of its Bitcoin treasury (1.05B USD).
- Is Coinbase (COIN) overvalued versus its Bitcoin?
- At 46.59×, Coinbase (COIN) trades at a 4559% 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 37.44×–97.44×.
- How much Bitcoin does Coinbase (COIN) hold?
- Coinbase holds 16.5K BTC, worth 1.05B USD at current prices. Its most recent purchase was 1100 BTC on May 7, 2026.
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