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Merchant Bankers Co (MBK) (3121.T) Bitcoin Treasury Dashboard

Track 3121.T BTC holdings, mNAV, volume, volatility, price, and treasury analytics.

Merchant Bankers Co (MBK) (3121.T)
🇯🇵
#146
BitcoinQuant
BTC Price
Current price of Bitcoin
$77,301
3121.T BTC Holdings
Bitcoins held on balance sheet
₿17.6
3121.T mNAV (EV)
Enterprise Value ÷ BTC NAV; premium (>1) or discount (<1)
75.43x
3121.T Stock Price
Latest stock price (in USD)
$1.45
3121.T % from 52W High
Current price gap from 52-week high
-39%
3121.T Enterprise Value
MCap + Debt + Pref - Cash
$102.6M
3121.T Market Cap
Equity market value
$43.0M
3121.T BTC NAV
Current value of BTC = holdings × BTC price
$1.4M
3121.T MCAP as % of BTC
Market capitalization as a percentage of Bitcoin holdings value
3160%
3121.T BTC Supply %
Company BTC holdings as % of total 21M Bitcoin supply
0.000%
3121.T mNAV (MCap)
Market Cap ÷ BTC NAV; premium (>1) or discount (<1)
31.60x
3121.T 1W Return
Apr 10, 2026 (¥236.00) → Apr 16, 2026 (¥230.00)
-2.54%
3121.T 1M Return
Mar 13, 2026 (¥220.00) → Apr 16, 2026 (¥230.00)
+4.55%
3121.T 3M Return
Jan 15, 2026 (¥220.00) → Apr 16, 2026 (¥230.00)
+4.55%
3121.T YTD Return
Dec 30, 2025 (¥200.00) → Apr 16, 2026 (¥230.00)
+15.00%
3121.T 1Y Return
Apr 16, 2025 (¥303.66) → Apr 16, 2026 (¥230.00)
-24.26%
3121.T 1Y vs BTC
Stock 1Y return minus BTC 1Y return (percentage points)
-15.27 p.p.
3121.T 52W High
Highest price in the last 52 weeks (in USD)
$2.38
3121.T Basic Shares
Estimated basic shares outstanding
29,744,084
3121.T Shares per BTC held
How many shares you need to get exposure to 1 full Bitcoin through the stock
—
3121.T Trading Volume ($)
Most recent day's trading volume (VWAP × Volume)
$98.14K
3121.T Avg 30D Volume
Average daily trading volume over the last 30 calendar days (VWAP × Volume)
$94.09K
3121.T Debt
Total outstanding debt (Latest reported Yahoo Finance value)
$65.4M
3121.T Debt/BTC NAV
Debt as a % of BTC NAV
—
3121.T BTC Rating
BTC NAV ÷ Total Debt
—
3121.T Cash
Total cash and cash equivalents
$5.76M
3121.T Hist Volatility (30D)
Annualized standard deviation of the daily natural log return measured over the last 30 trading days
42.2%
3121.T Hist Volatility (1Y)
Annualized standard deviation of the daily natural log return measured over the last calendar year
39.8%
3121.T Implied Volatility
Open interest-weighted implied volatility from options market across all expirations
—
3121.T Open Interest
Outstanding open interest contracts × 100 shares × live share price
—
3121.T Put Open Interest
Outstanding put open interest contracts × 100 shares × live share price
—
3121.T Call Open Interest
Outstanding call open interest contracts × 100 shares × live share price
—
3121.T Put to Call
Ratio of put open interest to call open interest (put OI ÷ call OI). < 1.0 = more calls (bullish), > 1.0 = more puts (bearish)
—
3121.T Duration (Days)
Open Interest-weighted average of days to expiration for options on this asset. Higher values indicate longer-term options activity.
—
3121.T Short Interest (% Float)
% of tradable shares sold short
—
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About Merchant Bankers Co (MBK)'s Bitcoin Treasury Strategy

Merchant Bankers Co (MBK) (3121.T) ranks #146 globally among Bitcoin treasury companies, with 17.6 Bitcoin in its corporate treasury worth approximately $1.36M at current prices. This represents 0.000% of the total 21 million Bitcoin that will ever exist.

Trading at a stock price of $1.45 per share with a market capitalization of $42.99M, Merchant Bankers Co (MBK)'s stock currently trades at an mNAV (enterprise value to Bitcoin NAV multiple) of 75.43x. Bitcoin holdings represent 3% of the company's market cap, underscoring Bitcoin's central role in Merchant Bankers Co (MBK)'s balance sheet strategy.

Recent stock performance shows -2.54% over the past week, +4.55% over the past month, +15.00% year-to-date, and -24.26% over the past year. Merchant Bankers Co (MBK) currently trades -39.31% from its 52-week high. The stock averages $94.09K in daily trading volume over the past 30 days, with 30-day volatility at 42.2%.

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Bitcoin Preferred Equity

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Merchant Bankers Co (MBK) (3121.T) Bitcoin Treasury Detailed Analysis

Track Merchant Bankers Co (MBK) (3121.T) Bitcoin purchases, mNAV, stock price, market cap, volatility, volume and treasury holdings.

Bitcoin Exposure & Holdings

Merchant Bankers Co (MBK) (3121.T) currently holds 18 Bitcoin in its corporate treasury. This represents 0.000% of the total 21 million Bitcoin that will ever exist.

At a current Bitcoin price of $75,258.00, Merchant Bankers Co (MBK)'s Bitcoin holdings are worth approximately $1.32 million, which represents the company's Bitcoin NAV (Net Asset Value).

Merchant Bankers Co (MBK)'s total cost basis for its Bitcoin holdings is $1.93 million, putting the company at a -31.45% unrealized loss on its Bitcoin position.

Valuation Metrics & Market Capitalization

Merchant Bankers Co (MBK) (3121.T) stock price currently trades at $1.45 per share.

With a market capitalization of $42.99 million, Merchant Bankers Co (MBK) ranks as a leading Bitcoin treasury company by equity market value.

On an Enterprise Value basis, Merchant Bankers Co (MBK)'s mNAV is 77.48x, meaning the market values the company's total capital structure at 77.48x times its underlying Bitcoin holdings.

On a Market Cap basis, Merchant Bankers Co (MBK)'s mNAV is 32.46x relative to Bitcoin NAV.

Bitcoin holdings represent 3.1% of Merchant Bankers Co (MBK)'s total market capitalization, underscoring Bitcoin's central role in the company's balance sheet strategy.

Merchant Bankers Co (MBK)'s Enterprise Value is $102.62 million, calculated as Market Cap plus Debt plus Preferred Stock minus Cash.

Financial Health & Balance Sheet

Merchant Bankers Co (MBK) has total outstanding debt of $65.39 million, representing a debt-to-Bitcoin NAV ratio of 49.37x.

The BTC Rating for Merchant Bankers Co (MBK) is 0.02x (Bitcoin NAV ÷ Total Debt), indicating 0.02x coverage of total debt by Bitcoin holdings.

In cash and cash equivalents, Merchant Bankers Co (MBK) holds $5.76 million.

Merchant Bankers Co (MBK) reported total revenue of $20.20 million.

Trading Volume & Risk Metrics

In the most recent trading session, 3121.T recorded $98,143.15 thousand in dollar volume.

Over the past 30 days, 3121.T has averaged $94,086.32 thousand in daily trading volume.

Merchant Bankers Co (MBK)'s 30-day historical volatility is 42.2%.

Over the past calendar year, 3121.T's historical volatility is 39.8%.

Merchant Bankers Co (MBK)'s beta is -0.10x.

Merchant Bankers Co (MBK)'s 90-day correlation with IBIT (iShares Bitcoin Trust ETF) is -11.1%, measuring how closely the stock tracks spot Bitcoin exposure.

3121.T currently trades -39.31% from its 52-week high.

Merchant Bankers Co (MBK) Bitcoin Treasury Data & Analysis on BitcoinQuant

The interactive Merchant Bankers Co (MBK) Bitcoin treasury chart above provides a comprehensive visualization of the company's Bitcoin treasury performance over time, allowing investors to track BTC holdings, acquisition rates, and valuation metrics.

All of the data on this page — including Merchant Bankers Co (MBK)'s Bitcoin NAV, mNAV, BTC Rating, cost basis, and options activity — is calculated in real time and updated continuously on BitcoinQuant. By analyzing these treasury metrics alongside historical acquisition data and market performance, investors can gain insights into Merchant Bankers Co (MBK)'s Bitcoin accumulation strategy and compare it against other Bitcoin treasury companies tracked across the BitcoinQuant platform.

BitcoinQuant tracks the full universe of public companies holding Bitcoin, providing real-time analytics on holdings, valuations, financial health, trading activity, and risk metrics across every Bitcoin treasury stock in the market.

Data as of: 04/17/2026, 6:54 AM ET

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