mNAV=enterprise value/the btc holding value .
Strategy =1.27
XXI =0.06
Meraplanet =0.93
Nakamoto =0.97
Semler scientific 1.17
MARA holdings =1.5
mNAV Ratio:
Values below 1.0 indicate the company trades at a discount to its net asset value, potentially offering value.
Values above 1.0 suggest a premium valuation.