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FRMO Corp. (FRMO) Bitcoin Treasury Dashboard

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

FRMO Corp. logo
FRMO Corp. (FRMO)
🇺🇸
#99
BitcoinQuant
BTC Price
Current price of Bitcoin
$67,713
FRMO BTC Holdings
Bitcoins held on balance sheet
₿159.1
FRMO mNAV (EV)
Enterprise Value ÷ BTC NAV; premium (>1) or discount (<1)
—
FRMO Stock Price
Latest stock price (in USD)
$7.17
FRMO % from 52W High
Current price gap from 52-week high
-27%
FRMO Enterprise Value
MCap + Debt + Pref - Cash
-$74.2M
FRMO Market Cap
Equity market value
$315.6M
FRMO BTC NAV
Current value of BTC = holdings × BTC price
$10.8M
FRMO MCAP as % of BTC
Market capitalization as a percentage of Bitcoin holdings value
2930%
FRMO BTC Supply %
Company BTC holdings as % of total 21M Bitcoin supply
0.001%
FRMO mNAV (MCap)
Market Cap ÷ BTC NAV; premium (>1) or discount (<1)
29.30x
FRMO 1W Return
Feb 9, 2026 ($7.11) → Feb 17, 2026 ($7.17)
+0.84%
FRMO 1M Return
Jan 16, 2026 ($7.64) → Feb 17, 2026 ($7.17)
-6.15%
FRMO 3M Return
Nov 17, 2025 ($8.12) → Feb 17, 2026 ($7.17)
-11.70%
FRMO YTD Return
Dec 31, 2025 ($7.30) → Feb 17, 2026 ($7.17)
-1.78%
FRMO 1Y Return
Feb 14, 2025 ($9.73) → Feb 17, 2026 ($7.17)
-26.31%
FRMO 1Y vs BTC
Stock 1Y return minus BTC 1Y return (percentage points)
+3.13 p.p.
FRMO 52W High
Highest price in the last 52 weeks (in USD)
$9.82
FRMO Basic Shares
Estimated basic shares outstanding
44,022,781
FRMO Shares per BTC held
How many shares you need to get exposure to 1 full Bitcoin through the stock
—
FRMO Trading Volume ($)
Most recent day's trading volume (VWAP × Volume)
$41.11K
FRMO Avg 30D Volume
Average daily trading volume over the last 30 calendar days (VWAP × Volume)
$88.94K
FRMO Debt
Total outstanding debt (Latest reported Yahoo Finance value)
$641.7K
FRMO Debt/BTC NAV
Debt as a % of BTC NAV
—
FRMO BTC Rating
BTC NAV ÷ Total Debt
—
FRMO Cash
Total cash and cash equivalents
$390.53M
FRMO Hist Volatility (30D)
Annualized standard deviation of the daily natural log return measured over the last 30 trading days
36.8%
FRMO Hist Volatility (1Y)
Annualized standard deviation of the daily natural log return measured over the last calendar year
32.8%
FRMO Implied Volatility
Open interest-weighted implied volatility from options market across all expirations
—
FRMO Open Interest
Outstanding open interest contracts × 100 shares × live share price
—
FRMO Put Open Interest
Outstanding put open interest contracts × 100 shares × live share price
—
FRMO Call Open Interest
Outstanding call open interest contracts × 100 shares × live share price
—
FRMO 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)
—
FRMO Duration (Days)
Open Interest-weighted average of days to expiration for options on this asset. Higher values indicate longer-term options activity.
—
FRMO Short Interest (% Float)
% of tradable shares sold short
—
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About FRMO Corp.'s Bitcoin Treasury Strategy

FRMO Corp. (FRMO) ranks #99 globally among Bitcoin treasury companies, with 159.1 Bitcoin in its corporate treasury worth approximately $10.77M at current prices. This represents 0.001% of the total 21 million Bitcoin that will ever exist.

Trading at a stock price of $7.17 per share with a market capitalization of $315.64M, FRMO Corp.'s stock currently trades at an mNAV (enterprise value to Bitcoin NAV multiple) of —. Bitcoin holdings represent 3% of the company's market cap, underscoring Bitcoin's central role in FRMO Corp.'s balance sheet strategy.

Recent stock performance shows +0.84% over the past week, -6.15% over the past month, -1.78% year-to-date, and -26.31% over the past year. FRMO Corp. currently trades -26.99% from its 52-week high. The stock averages $88.94K in daily trading volume over the past 30 days, with 30-day volatility at 36.8%.

FRMO Corp.'s Bitcoin treasury strategy is led by Murray Stahl (CEO).

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Bitcoin Preferred Equity

Preferred Equity Dashboard (STRC, STRD, STRF, STRK, SATA)

FRMO Corp. (FRMO) Bitcoin Treasury Detailed Analysis

Bitcoin Exposure & Holdings

FRMO Corp. (FRMO) currently holds 159 Bitcoin in its corporate treasury. This represents 0.001% of the total 21 million Bitcoin that will ever exist.

At a current Bitcoin price of $68,118.00, FRMO Corp.'s Bitcoin holdings are worth approximately $10.84 million, which represents the company's Bitcoin NAV (Net Asset Value).

FRMO Corp.'s total cost basis for its Bitcoin holdings is $4.00 million, putting the company at a +171.12% unrealized gain on its Bitcoin position.

Valuation Metrics & Market Capitalization

FRMO Corp. (FRMO) stock price currently trades at $7.45 per share.

With a market capitalization of $327.97 million, FRMO Corp. ranks as a leading Bitcoin treasury company by equity market value.

On an Enterprise Value basis, FRMO Corp.'s mNAV is -5.71x, meaning the market values the company's total capital structure at -5.71x times its underlying Bitcoin holdings.

On a Market Cap basis, FRMO Corp.'s mNAV is 30.26x relative to Bitcoin NAV.

Bitcoin holdings represent 3.3% of FRMO Corp.'s total market capitalization, underscoring Bitcoin's central role in the company's balance sheet strategy.

FRMO Corp.'s Enterprise Value is $-61,919,312.55, calculated as Market Cap plus Debt plus Preferred Stock minus Cash.

Financial Health & Balance Sheet

FRMO Corp. has total outstanding debt of $641,657.00 thousand, representing a debt-to-Bitcoin NAV ratio of 0.06x.

The BTC Rating for FRMO Corp. is 16.89x (Bitcoin NAV ÷ Total Debt), indicating 16.89x coverage of total debt by Bitcoin holdings.

In cash and cash equivalents, FRMO Corp. holds $390.53 million.

FRMO Corp. reported total revenue of $89.89 million and operating cash flow of $5.07 million.

Trading Volume & Risk Metrics

In the most recent trading session, FRMO recorded $18,930.45 thousand in dollar volume.

Over the past 30 days, FRMO has averaged $91,435.25 thousand in daily trading volume.

FRMO Corp.'s 30-day historical volatility is 36.0%.

Over the past calendar year, FRMO's historical volatility is 32.6%.

FRMO Corp.'s beta is 0.75x.

FRMO Corp.'s 90-day correlation with IBIT (iShares Bitcoin Trust ETF) is 39.6%, measuring how closely the stock tracks spot Bitcoin exposure.

FRMO currently trades -24.13% from its 52-week high.

Bitcoin Strategy Leadership

FRMO Corp.'s Bitcoin treasury strategy is led by Murray Stahl (CEO).

FRMO Corp. Bitcoin Treasury Data & Analysis on BitcoinQuant

The interactive FRMO Corp. 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 FRMO Corp.'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 FRMO Corp.'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: 02/17/2026, 8:25 AM ET

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