Issue 14 • 2025 • New York
Live Market Edition
Markets updated --

Digital asset treasury intelligence

BITVALUE charts the corporate BTC + ETH treasury landscape.

A market-style briefing on capital structure, reserve density, leverage, and issuance across Bitcoin and Ethereum balance sheets.

Treasury bias BTC + ETH accumulation
Liquidity pulse Active issuance window
Capital stress Measured leverage
Market structure

Equity wrapper + volatility surface

Equity wrapper, flow, and implied risk framing the treasury strategy.

BTVL Price
$158.81
+$0.10 (0.06%)
3M Return
-49%
1Y Return
-53%
BV Return
1,185%
Market Cap ($M)
$49,251
+$31 (0.06%)
Enterprise Value ($M)
$63,258
+$31 (0.05%)
Trading Volume ($M)
$1,938
Avg Trading Vol (30D) ($M)
$3,561
-$89 (-2.44%)
Implied Volatility
61%
Hist Volatility (30D)
65%
Hist Volatility (1Y)
75%
Open Interest ($M)
$45,691
Treasury posture

Reserve density + coverage (BTC)

Reserve composition, leverage, and coverage ratios against the BTC stack.

BTC Reserve ($M)
$58,990
+$148 (0.25%)
BTC Price
$--
Updated --
BTC
671,268
mNAV
1.07
+0.00 (0.00%)
USD Reserve ($M)
$2,188
Annual Dividends ($M)
$824
BTC Years of Dividend Coverage
71.6
USD Months of Dividend Coverage
31.9
Debt ($M)
$8,244
Net Leverage
10%
Pref ($M)
$7,951
Amplification
27%
Treasury posture

Reserve density + coverage (ETH)

Reserve composition, leverage, and coverage ratios against the ETH stack.

ETH Reserve ($M)
$12,480
+$32 (0.26%)
ETH Price
$--
Updated --
ETH
3,590,000
eNAV
1.02
+0.01 (0.90%)
Staked ETH (%)
62%
Annual Rewards ($M)
$214
ETH Years of Coverage
18.4
USD Months of Coverage
10.2
Debt ($M)
$1,940
Net Leverage
6%
Pref ($M)
$1,120
Amplification
9%