Methodology.Holdings are taken from each company’s own latest filing or IR update with an as-of date and a source link, not from third-party trackers, which often carry stale spot-only counts. Where a tracker disagrees with the filing, we show the gap. mNAVis market cap divided by the market value of the company’s SOL; below 1.0 the stock trades at a discount to its SOL, above 1.0 at a premium. An enterprise-value mNAV (adding debt, subtracting cash) is shown in each card’s detail view. Delegated SOL is never counted as owned (it shows separately). Prices are live; holdings change only when a company discloses.

These are small and micro-cap, thinly traded, and highly speculative. A NAV discount is not a guarantee of anything; these stocks can and do trade below the value of their crypto for long stretches.