MSTR mNAV Indicator

9 Mei

Strategy mNAV Indicator

Script contains hard-coded historic share counts and BTC holdings of Strategy Inc. (MSTR). Using these, we derived the Bitcoin mNAV multiple for the company. The formula used in this script looks like the following:

mNAV = (Fully Diluted Shares Outstanding * MSTR) / (BTC holdings * BTCUSD)

This value appears in the Blue tag at the right hand side of the chart on the latest bar. In addition, the script displays mNAV layers below and above the normal ticker chart. These are computed by taking fixing a value for the mNAV (e.g. mNAV=3) and solving the equation above for the MSTR price that would equate to having that mNAV.

The user is able to configure the number of said mNAV lines to draw but is limited from mNAV = 1 up to mNAV = 20.

Why is the script private?
This script includes data on the relative count of fully diluted shares for Strategy (MSTR) that was manually determined by the author after going through countless hours of SEC disclosures. Since there is no publicly available repository for this information and the author would like to retain the right to make this available at a later date, the script is kept private.

9 Mei

Nota Keluaran

BTC Treasury mNAV Indicator

Update:

• Added support for ticker: MTPLF (MetaPlanet OTCQX)
  
• Added support for ticker: $3350 (MetaPlanet Tokyo)
  

Description:
Script contains hard-coded historic share counts and BTC holdings of BTC treasury companies. Using these, we derived the Bitcoin mNAV multiple for each supported company. The formula used in this script looks like the following:

mNAV = (Fully Diluted Shares Outstanding * Share Price) / (BTC holdings * BTCUSD)

This value appears in the Blue tag at the right hand side of the chart on the latest bar. In addition, the script displays mNAV layers below and above the normal ticker chart. These are computed by taking a fixed value for the mNAV (e.g. mNAV=3) and solving the equation above for the share price that would equate to having that mNAV.

The user is able to configure the number of said mNAV lines to draw but is limited from mNAV = 1 up to mNAV = 20.

Why is the script private?
This script includes data on the relative count of fully diluted shares for various BTC treasury companies that was manually determined by the author after going through countless hours of SEC disclosures. Since there is no publicly available repository for this information and the author would like to retain the right to make this available at a later date, the script is kept private.

9 Mei

Nota Keluaran

Fixed multiple rendering of Error tag on non-BTC Treasury Companies

9 Mei

Nota Keluaran

Added support for new BTC Treasury Company: CEP (SPAC that will become $XXI)

9 Mei

Nota Keluaran

• Removed error tag on non-BTC Treasury Company tickers.
  
• Added list of soon to be supported BTC Treasury Companies.
  
• Added tag to tickers that will soon be supported by indicator.
  

9 Mei

Nota Keluaran

• Added ASST to list of supported tickers.
  
• Refactored code to make maintenance easier.
  

7 hari lalu

Nota Keluaran

Updated holdings for MTPLF and $TSX:3350 for their latest BTC purchase

Date: 2025-05-12
Fully Diluted Outstanding Shares: 699517925
New BTC Holdings: 6796

7 hari lalu

Nota Keluaran

Updated holdings for MSTR for their latest BTC purchase

Date: 2025-05-12
Fully Diluted Outstanding Shares: 310078274
New BTC Holdings: 568,840

7 hari lalu

Nota Keluaran

Version 0.1.2

Added KDLY ticker to supported list based on information available in their investor presentation (bamsec.com/filing/121390025041722/13?cik=1946573)

Date: 2025-05-12
Fully Diluted Shares Outstanding: 569,500,000
Current BTC Holdings: n/a
Current Dollar Holdings in lieu: $710 million

Other updates:

• Moved current mNAV indicator label to last bar's close (instead of high) for better visualization.
  

7 hari lalu

Nota Keluaran

Version 0.1.3

Added Matador Gold Technologies Inc. (MATA, MATA, and MATAF) tickers to supported list based on information available in their annual filing and subsequent update.

Date: 2025-01-31
Fully Diluted Shares Outstanding: 92,360,319
Current BTC Holdings: 46

6 hari lalu

Nota Keluaran

Version 0.1.4

Added Smarter Web Company (SWC) ticker to supported list based on information available.

Date: 2025-05-08
Fully Diluted Shares Outstanding: 160,916,677
Current BTC Holdings: 10.59

6 hari lalu

Nota Keluaran

Version 0.1.4b

Small fix due to incorrect GBP <-> Pence handling code. BTC mNAV for SWC should now be correctly reflected.

6 hari lalu

Nota Keluaran

Version 0.2

Added support for considering Treasury Cash (FIAT, USD, EUR, GBP) as part of mNAV computation. Default value = false. Double-click indicator to update the value.

Current BTC Treasury Companies this impacts: SWC

Will update cash holdings for other existing companies soon!

6 hari lalu

Nota Keluaran

Version 0.2.1

Added Semler Scientific (SMLR) ticker to supported list based on information available.

Date: 2025-05-13
Fully Diluted Shares Outstanding: 13,896,000
Current BTC Holdings: 3,808

6 hari lalu

Nota Keluaran

Version 0.2.1b

Small fix to use ticker.standard() instead of syminfo.ticker to prevent rendering on unrelated but equivalent ticker symbols.

Updated mNAV for ASST and KDLY to represent holdings as cash at this time as they have yet to purchase any BTC. This means their mNAV will be insanely high until that happens (or you can enable treating cash on balance sheet for mNAV computation).

6 hari lalu

Nota Keluaran

Version 0.2.1c

Added warning on small and zero BTC treasury companies to enable "cash for mNAV" option to highlight issue when representing their BTC mNAV (i.e. its very high otherwise).

5 hari lalu

Nota Keluaran

Version 0.2.2

Added The Blockchain Group (ALTBG) ticker to supported list based on information available.

Date: 2025-05-12
Fully Diluted Shares Outstanding: 238,996,194
Current BTC Holdings: 620
Current Cash Holdings: 22,034,978.63 EUR

16 jam lalu

Nota Keluaran

Version 0.2.3

Updated holdings for MTPLF and $3350 for their latest BTC purchase

Date: 2025-05-19
Fully Diluted Outstanding Shares: 749,692,925
New BTC Holdings: 7800
Disclosure: contents.xj-storage.jp/xcontents/33500/b701fd66/1080/4ce0/9206/7989fd6ade07/140120250519557359.pdf

16 jam lalu

Nota Keluaran

Version 0.2.4

Updated holdings for Smarter Web Company (SWC) to stay up-to-date with events until 2025-05-16.

11 jam lalu

Nota Keluaran

Version 0.2.5

Updated holdings for MSTR for their latest BTC purchase

Date: 2025-05-19
Fully Diluted Outstanding Shares: 311,853,137
New BTC Holdings: 576,230