Neptune
NDA.VMarket valuation vs the Bitcoin it holds
2.94×
Premium
a 194% premium to Bitcoin NAV
Neptune trades at 2.94× its Bitcoin NAV — you pay $2.94 for every $1 of Bitcoin it holds, a 26.8M USD pile.
Live · last updated
BTC held
420 BTC
Bitcoin treasury
Bitcoin NAV
26.8M USD
at today's BTC price
Market cap
71.8M USD
Fully diluted
Share price
0.79 CAD
CAD
Last BTC buy
10 BTC
Apr 20, 2026
mNAV over time
Full history · dilutedToday's 2.94× sits in a 52-week range of 1.42× to 3.44×.
mNAV · 52-week range
1.42×–3.44×
1.42×now 2.94×3.44×
About Neptune
Neptune (NDA.V) owns 420 BTC. At today's price that Bitcoin is worth 26.8M USD. The market caps the whole company at 71.8M USD — 2.94× its Bitcoin. Put plainly: you pay $2.94 for every $1 of Bitcoin it holds, a 194% premium for everything that isn't the Bitcoin. It bought in at an average of 40.2K USD per coin.
Neptune (NDA.V) mNAV — frequently asked
- What is Neptune (NDA.V)'s mNAV?
- Neptune's mNAV is currently 2.94×. mNAV divides NDA.V's market capitalisation by the value of the Bitcoin it holds, so 2.94× means the market values the company at 2.94× the worth of its Bitcoin treasury (26.8M USD).
- Is Neptune (NDA.V) overvalued versus its Bitcoin?
- At 2.94×, Neptune (NDA.V) trades at a 194% 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 1.42×–3.44×.
- How much Bitcoin does Neptune (NDA.V) hold?
- Neptune holds 420 BTC, worth 26.8M USD at current prices. Its most recent purchase was 10 BTC on Apr 20, 2026.
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