Company Metrics
BTC Price
Current price of Bitcoin
$66,959
NCTY BTC Holdings
Bitcoins held on balance sheet
₿285
NCTY mNAV (EV)
Enterprise Value ÷ BTC NAV; premium (>1) or discount (<1)
11.03x
NCTY Stock Price
Latest stock price (in USD)
$5.65
NCTY % from 52W High
Current price gap from 52-week high
-66%
NCTY Enterprise Value
MCap + Debt + Pref - Cash
$210.5M
NCTY Market Cap
Equity market value
$84.3M
NCTY BTC NAV
Current value of BTC = holdings × BTC price
$19.1M
NCTY MCAP as % of BTC
Market capitalization as a percentage of Bitcoin holdings value
442%
NCTY BTC Supply %
Company BTC holdings as % of total 21M Bitcoin supply
0.001%
NCTY mNAV (MCap)
Market Cap ÷ BTC NAV; premium (>1) or discount (<1)
4.42x
NCTY 1W Return
Feb 6, 2026 ($5.84) → Feb 16, 2026 ($5.65)
-3.25%
NCTY 1M Return
Jan 12, 2026 ($6.88) → Feb 16, 2026 ($5.65)
-17.88%
NCTY 3M Return
Nov 12, 2025 ($7.34) → Feb 16, 2026 ($5.65)
-23.02%
NCTY YTD Return
Dec 31, 2025 ($6.37) → Feb 16, 2026 ($5.65)
-11.30%
NCTY 1Y Return
Feb 13, 2025 ($15.61) → Feb 16, 2026 ($5.65)
-63.81%
NCTY 1Y vs BTC
Stock 1Y return minus BTC 1Y return (percentage points)
-34.37 p.p.
NCTY 52W High
Highest price in the last 52 weeks (in USD)
$16.78
NCTY Basic Shares
Estimated basic shares outstanding
14,913,261
NCTY Shares per BTC held
How many shares you need to get exposure to 1 full Bitcoin through the stock
—
NCTY Trading Volume ($)
Most recent day's trading volume (VWAP × Volume)
$73.36K
NCTY Avg 30D Volume
Average daily trading volume over the last 30 calendar days (VWAP × Volume)
$297.40K
NCTY Debt
Total outstanding debt (Latest reported Yahoo Finance value)
$162.3M
NCTY Debt/BTC NAV
Debt as a % of BTC NAV
—
NCTY BTC Rating
BTC NAV ÷ Total Debt
—
NCTY Cash
Total cash and cash equivalents
$36.09M
NCTY Hist Volatility (30D)
Annualized standard deviation of the daily natural log return measured over the last 30 trading days
81.6%
NCTY Hist Volatility (1Y)
Annualized standard deviation of the daily natural log return measured over the last calendar year
79.8%
NCTY Implied Volatility
Open interest-weighted implied volatility from options market across all expirations
—
NCTY Open Interest
Outstanding open interest contracts × 100 shares × live share price
—
NCTY Put Open Interest
Outstanding put open interest contracts × 100 shares × live share price
—
NCTY Call Open Interest
Outstanding call open interest contracts × 100 shares × live share price
—
NCTY 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)
—
NCTY Duration (Days)
Open Interest-weighted average of days to expiration for options on this asset. Higher values indicate longer-term options activity.
—
NCTY Short Interest (% Float)
% of tradable shares sold short
—
NCTY Bitcoin Exposure
BTC Price
Current price of Bitcoin
$66,959
NCTY BTC Holdings
Bitcoins held on balance sheet
₿285
NCTY BTC NAV
Current value of BTC = holdings × BTC price
$19.1M
NCTY BTC Rate (since Jan 1, 2024)
Average daily Bitcoin acquisition rate since Jan 1, 2024
—
NCTY BTC Supply %
Company BTC holdings as % of total 21M Bitcoin supply
0.001%
NCTY Valuation Metrics
NCTY Stock Price
Latest stock price (in USD)
$5.65
NCTY Market Cap
Equity market value
$84.3M
NCTY mNAV (EV)
Enterprise Value ÷ BTC NAV; premium (>1) or discount (<1)
11.03x
NCTY mNAV (MCap)
Market Cap ÷ BTC NAV; premium (>1) or discount (<1)
4.42x
NCTY BTC as % of MCAP
Bitcoin holdings value as a percentage of total market capitalization
23%
NCTY Enterprise Value
MCap + Debt + Pref - Cash
$210.5M
NCTY Basic Shares
Estimated basic shares outstanding
14,913,261
NCTY Shares per BTC held
How many shares you need to get exposure to 1 full Bitcoin through the stock
—
NCTY Debt
Total outstanding debt (Latest reported Yahoo Finance value)
$162.3M
NCTY Debt/BTC NAV
Debt as a % of BTC NAV
—
NCTY BTC Rating
BTC NAV ÷ Total Debt
—
NCTY Cash
Total cash and cash equivalents
$36.09M
NCTY Stock Returns
NCTY 1W Return
Feb 6, 2026 ($5.84) → Feb 16, 2026 ($5.65)
-3.25%
NCTY 1M Return
Jan 12, 2026 ($6.88) → Feb 16, 2026 ($5.65)
-17.88%
NCTY 3M Return
Nov 12, 2025 ($7.34) → Feb 16, 2026 ($5.65)
-23.02%
NCTY YTD Return
Dec 31, 2025 ($6.37) → Feb 16, 2026 ($5.65)
-11.30%
NCTY 1Y Return
Feb 13, 2025 ($15.61) → Feb 16, 2026 ($5.65)
-63.81%
NCTY 1Y vs BTC
Stock 1Y return minus BTC 1Y return (percentage points)
-34.37 p.p.
NCTY 52W High
Highest price in the last 52 weeks (in USD)
$16.78
NCTY % Down from 52W High
Current price gap from 52-week high
-66.33%
NCTY Trading & Risk
NCTY Trading Volume
Most recent day's trading volume (VWAP × Volume)
$73.36K
NCTY Avg 30D Volume
Average daily trading volume over the last 30 calendar days (VWAP × Volume)
$297.40K
NCTY 30D Volatility
Annualized standard deviation of the daily natural log return measured over the last 30 trading days
81.6%
NCTY 1Y Volatility
Annualized standard deviation of the daily natural log return measured over the last calendar year
79.8%
NCTY Beta
5Y Monthly: Volatility vs market (1.0 ≈ market)
2.28
NCTY Short Interest (% Float)
% of tradable shares sold short
—
NCTY Options
NCTY Implied Volatility
Open interest-weighted implied volatility from options market across all expirations
—
NCTY Total Open Interest
Outstanding open interest contracts × 100 shares × live share price
—
NCTY Put Open Interest
Outstanding put open interest contracts × 100 shares × live share price
—
NCTY Call Open Interest
Outstanding call open interest contracts × 100 shares × live share price
—
NCTY 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)
—
NCTY Duration (Days)
Open Interest-weighted average of days to expiration for options on this asset. Higher values indicate longer-term options activity.
—
Loading charts...
Loading charts...
About The9 Limited's Bitcoin Treasury Strategy
The9 Limited (NCTY) ranks #84 globally among Bitcoin treasury companies, with 285 Bitcoin in its corporate treasury worth approximately $19.08M at current prices. This represents 0.001% of the total 21 million Bitcoin that will ever exist.
Trading at a stock price of $5.65 per share with a market capitalization of $84.26M, The9 Limited's stock currently trades at an mNAV (enterprise value to Bitcoin NAV multiple) of 11.03x. Bitcoin holdings represent 23% of the company's market cap, underscoring Bitcoin's central role in The9 Limited's balance sheet strategy.
Recent stock performance shows -3.25% over the past week, -17.88% over the past month, -11.30% year-to-date, and -63.81% over the past year. The9 Limited currently trades -66.33% from its 52-week high. The stock averages $297.40K in daily trading volume over the past 30 days, with 30-day volatility at 81.6%.