Top Bitcoin treasury holders as of Oct 27, 2026: Strategy, Inc. (Formerly: MicroStrategy Inc.) with 848,517 BTC; Twenty One Capital, Inc. with 43,033 BTC; Strive, Inc. with 43,000 BTC. Top Ethereum treasury holders as of Oct 27, 2026: BitMine Immersion Technologies, Inc. with 6,028,946 ETH; Sharplink, Inc. with 888,938 ETH; The Ethereum Machine (Formerly: Dynamix Corporation) with 495,405 ETH.

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Institution	Assets	Cost Basis	Today's Holdings Value	Stock Price	Realized mNAV	Realistic mNAV	Max mNAV
Strategy, Inc. (Formerly: MicroStrategy Inc.)		$64.726b	$68.458b	$146.01	0.81	0.81	0.81
BitMine Immersion Technologies, Inc.			$14.156b	$20.95	0.89	0.89	0.89
Twenty One Capital, Inc.			$3.472b	$5.60	0.56	0.56	0.64
Strive, Inc.			$3.469b	$26.32	0.65	0.65	0.65
Metaplanet Inc.		$4.183b	$3.241b	$1.66	0.59	0.59	1.4
Hyperliquid Strategies Inc.			$3.153b	$8.78	0.58	0.58	0.58
MARA Holdings, Inc.			$2.87b	$6.84	0.93	0.93	1.13
Cantor Equity Partners I, Inc. (The Bitcoin Standard Treasury Company)			$2.422b	$10.78	0.11	0.11	0.11
Sharplink, Inc.			$2.085b	$7.18	0.74	0.74	0.81
Coinbase Global, Inc.			$1.827b	$159.60	23.16	23.19	23.19
Galaxy Digital Inc.			$1.791b	$15.68	3.46	3.46	4.03
Bullish Inc.			$1.635b	$27.60	2.57	2.72	2.73
Trump Media & Technology Group Corp.			$1.181b	$6.14	1.45	1.45	1.68
The Ethereum Machine (Formerly: Dynamix Corporation)			$1.162b	$10.79	0.27	0.27	0.44
CleanSpark, Inc.			$1.106b	$7.77	1.82	1.95	2.8
Tesla, Inc.		$399.3m	$927.81m	$391.62	1,681.56	1,681.56	1,681.56
Riot Platforms, Inc.			$918.13m	$12.59	5.19	5.19	5.78
Forward Industries, Inc.			$872.47m	$6.61	0.56	0.71	0.78
Block, Inc.			$735.55m	$74.55	61.37	61.37	61.37
American Bitcoin Corp.			$645.59m	$7.26	0.94	0.94	0.94
StablecoinX Inc.			$637.66m	$10.45	0.42	0.42	0.75
Evernorth Holdings Inc			$624.72m	$15	0.77	0.77	1.06
GD Culture Group Limited		$876.75m	$605.09m	$1.05	0.0073	0.0073	0.0073