BMNR Scan
Track BitMine (BMNR) mNAV, premium or discount to asset NAV, ETH holdings and staking. Explore historical charts, calculation methods and source dates.
BMNR Scan
Track BitMine (BMNR) mNAV, premium or discount to asset NAV, ETH holdings and staking. Explore historical charts, calculation methods and source dates.
View the current BitMine (BMNR) mNAV estimate and historical chart. Compare daily premiums or discounts and review the calculation and data sources.
0.90×
Premium / discount to tracked asset NAV: -10.12%
mNAV History
0.91
+0.01 (1.11%)
2026-09-28 – 2026-10-27
1.00 = NAV
Loading mNAV history...
Updated:
+1.11%
$21.62
$2,346
$13.40B
-3.23%
$21.21
$2,313
$13.14B
-1.06%
$22.40
$2,392
$14.02B
-2.08%
$22.50
$2,383
$14.08B
+3.23%
$23.96
$2,495
$14.99B
+4.49%
$22.82
$2,434
$14.28B
0.00%
$21.57
$2,397
$13.50B
-6.32%
$21.66
$2,409
$13.55B
+4.40%
$23.36
$2,453
$14.62B
-2.15%
$22.25
$2,429
$13.92B
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BMNR mNAV divides market capitalization by tracked asset NAV. Asset NAV = ETH holdings × ETH price + BTC holdings × BTC price + cash and marketable securities. Market capitalization reflects the share count and stock price used by this tracker.
At 1×, market capitalization equals tracked asset NAV. Above 1× is a premium; below 1× is a discount. Premium or discount (%) = (mNAV − 1) × 100. For example, a $12 billion market cap divided by $10 billion in tracked asset NAV gives 1.2× mNAV, a 20% premium. This is an illustrative example, not a current quote. A discount alone does not establish that the stock is undervalued.
Tracked asset NAV is the dollar value of the assets included by this service. Asset NAV per share divides that value by the corresponding shares outstanding. mNAV is a multiple, not a dollar amount: using the same share count and price basis, it also equals stock price divided by asset NAV per share. ETH per share counts only ETH and is a different metric. These asset-based measures also differ from accounting net asset value after liabilities.
The current estimate uses market prices and the latest available holdings and share-count information. Daily history uses BMNR’s 4:00 PM Eastern Time close and crypto prices near that reference time. A weekend or extended-hours estimate is not an official daily close. Check holdings and share-count dates, quote timing, and any delayed or fallback labels before comparing values.
Quote timing, treasury disclosures, estimated shares outstanding, and repurchase adjustments can differ. BMNR Scan does not separately subtract debt in this formula, so it can also differ from debt-adjusted NAV or enterprise-value (EV) multiples.