Net Holding A.S.
Net Holding A.S.'s Bitcoin treasury holdings and investment strategy
Treasury & valuation
Reported Bitcoin holdings and share of the fixed supply
Bitcoin holdings
Reported Bitcoin treasury balance
Bitcoin ownership
Share of the fixed 21 million BTC supply
Frequently Asked Questions
Understanding Net Holding A.S.'s Bitcoin treasury
How much Bitcoin does Net Holding A.S. hold?
Net Holding A.S. holds 352 BTC, or 0.002% of the fixed 21 million BTC supply. It ranks 68th among public Bitcoin holders tracked by Newhedge.
What is the value of its Bitcoin treasury?
The latest estimated value is $24,051,671. This equals 0.0% of the company's market value. The valuation moves with Bitcoin's price; it does not represent cash available to spend.
What is its total Bitcoin cost basis?
The reported total cost basis is $8,543,499. The current unrealized return is 181.52%. Cost basis is the total acquisition cost, rather than the price paid for one Bitcoin.
How do equity mNAV and enterprise mNAV differ?
Equity mNAV divides market capitalization by the market value of Bitcoin held. Enterprise mNAV also accounts for debt and cash through enterprise value. The latest enterprise mNAV is 0×. A multiple above 1× is a premium to Bitcoin NAV; below 1× is a discount. The two measures can differ substantially.
What do BTC per share and Bitcoin yield measure?
BTC per share divides reported Bitcoin holdings by split-adjusted shares outstanding. Quarterly Bitcoin yield measures the change in BTC per share between consecutive completed quarters. Share issuance can reduce BTC per share even while total holdings rise. Bitcoin yield is a treasury-growth measure, rather than an investment return or cash distribution.
How are the charts and financial statements converted?
BTC is the default display, with USD and sats available. USD-denominated values are converted using the Bitcoin close on the observation or reporting date; one BTC equals 100 million sats. Share counts, percentages and valuation multiples retain their original units. Missing prices, statements or share counts remain unavailable, and gaps are preserved.