Nasdaq · NAKA
How can we value Nakamoto?
$9.66 × 17.89 million shares
Market cap
$172.9M
+Debt
$165.1M
−Cash
$19.1M
Enterprise value
$318.8M
4,467 bitcoin × $84,732. Count is June 30, 2026. 3,805 are pledged against the loan.
Bitcoin value
$378.5M
Enterprise$318.8M
Bitcoin$378.5M
Light is the market cap. Green is the debt still in the total after cash. Orange is the bitcoin.
The rest of the business is −$59.7M.
$318.8M enterprise value minus $378.5M of bitcoin. That leftover is nothing at $12.99 a share. Below that, the coins are worth more than the whole company.
The street has 2026 sales at about $71.7M. The stock prices those businesses at −$59.7M.