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TeraWulf (WULF) Bitcoin Treasury Dashboard

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

TeraWulf (WULF)
🇺🇸
#143
BitcoinQuant
BTC Price
Current price of Bitcoin
$81,920
WULF BTC Holdings
Bitcoins held on balance sheet
₿28
WULF mNAV (EV)
Enterprise Value ÷ BTC NAV; premium (>1) or discount (<1)
6095.76x
WULF Stock Price
Latest stock price (in USD)
$22.80
WULF % from 52W High
Current price gap from 52-week high
-11%
WULF Enterprise Value
MCap + Debt + Pref - Cash
$14.0B
WULF Market Cap
Equity market value
$11.3B
WULF BTC NAV
Current value of BTC = holdings × BTC price
$2.3M
WULF MCAP as % of BTC
Market capitalization as a percentage of Bitcoin holdings value
492560%
WULF BTC Supply %
Company BTC holdings as % of total 21M Bitcoin supply
0.000%
WULF mNAV (MCap)
Market Cap ÷ BTC NAV; premium (>1) or discount (<1)
4925.60x
WULF 1W Return
May 5, 2026 ($23.49) → May 12, 2026 ($22.80)
-2.94%
WULF 1M Return
Apr 10, 2026 ($18.87) → May 12, 2026 ($22.80)
+20.83%
WULF 3M Return
Feb 11, 2026 ($16.03) → May 12, 2026 ($22.80)
+42.23%
WULF YTD Return
Dec 31, 2025 ($11.49) → May 12, 2026 ($22.80)
+98.43%
WULF 1Y Return
May 12, 2025 ($3.48) → May 12, 2026 ($22.80)
+555.17%
WULF 1Y vs BTC
Stock 1Y return minus BTC 1Y return (percentage points)
+576.40 p.p.
WULF 52W High
Highest price in the last 52 weeks (in USD)
$25.76
WULF Basic Shares
Estimated basic shares outstanding
495,532,645
WULF Shares per BTC held
How many shares you need to get exposure to 1 full Bitcoin through the stock
—
WULF Trading Volume ($)
Most recent day's trading volume (VWAP × Volume)
$565.06M
WULF Avg 30D Volume
Average daily trading volume over the last 30 calendar days (VWAP × Volume)
$714.40M
WULF Debt
Total outstanding debt (Latest reported Yahoo Finance value)
$5.3B
WULF Debt/BTC NAV
Debt as a % of BTC NAV
—
WULF BTC Rating
BTC NAV ÷ Total Debt
—
WULF Cash
Total cash and cash equivalents
$2.63B
WULF Hist Volatility (30D)
Annualized standard deviation of the daily natural log return measured over the last 30 trading days
73.9%
WULF Hist Volatility (1Y)
Annualized standard deviation of the daily natural log return measured over the last calendar year
100.7%
WULF Implied Volatility
Open interest-weighted implied volatility from options market across all expirations
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WULF Open Interest
Outstanding open interest contracts × 100 shares × live share price
—
WULF Put Open Interest
Outstanding put open interest contracts × 100 shares × live share price
—
WULF Call Open Interest
Outstanding call open interest contracts × 100 shares × live share price
—
WULF 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)
—
WULF Duration (Days)
Open Interest-weighted average of days to expiration for options on this asset. Higher values indicate longer-term options activity.
—
WULF Short Interest (% Float)
% of tradable shares sold short
—
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About TeraWulf's Bitcoin Treasury Strategy

TeraWulf (WULF) ranks #143 globally among Bitcoin treasury companies, with 28 Bitcoin in its corporate treasury worth approximately $2.29M at current prices. This represents 0.000% of the total 21 million Bitcoin that will ever exist.

Trading at a stock price of $22.80 per share with a market capitalization of $11.30B, TeraWulf's stock currently trades at an mNAV (enterprise value to Bitcoin NAV multiple) of 6095.76x. Bitcoin holdings represent 0% of the company's market cap, underscoring Bitcoin's central role in TeraWulf's balance sheet strategy.

Recent stock performance shows -2.94% over the past week, +20.83% over the past month, +98.43% year-to-date, and +555.17% over the past year. TeraWulf currently trades -11.49% from its 52-week high. The stock averages $714.40M in daily trading volume over the past 30 days, with 30-day volatility at 73.9%.

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Bitcoin Preferred Equity

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

TeraWulf (WULF) Bitcoin Treasury Detailed Analysis

Track TeraWulf (WULF) Bitcoin purchases, mNAV, stock price, market cap, volatility, volume and treasury holdings.

Bitcoin Exposure & Holdings

TeraWulf (WULF) currently holds 28 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 $81,920.00, TeraWulf's Bitcoin holdings are worth approximately $2.29 million, which represents the company's Bitcoin NAV (Net Asset Value).

TeraWulf's total cost basis for its Bitcoin holdings is $0.00, putting the company at a N/A unrealized loss on its Bitcoin position.

Valuation Metrics & Market Capitalization

TeraWulf (WULF) stock price currently trades at $22.80 per share.

With a market capitalization of $11.30 billion, TeraWulf ranks as a leading Bitcoin treasury company by equity market value.

On an Enterprise Value basis, TeraWulf's mNAV is 6095.76x, meaning the market values the company's total capital structure at 6095.76x times its underlying Bitcoin holdings.

On a Market Cap basis, TeraWulf's mNAV is 4925.60x relative to Bitcoin NAV.

Bitcoin holdings represent 0.0% of TeraWulf's total market capitalization, underscoring Bitcoin's central role in the company's balance sheet strategy.

TeraWulf's Enterprise Value is $13.98 billion, calculated as Market Cap plus Debt plus Preferred Stock minus Cash.

Financial Health & Balance Sheet

TeraWulf has total outstanding debt of $5.31 billion, representing a debt-to-Bitcoin NAV ratio of 2316.75x.

The BTC Rating for TeraWulf is 0.00x (Bitcoin NAV ÷ Total Debt), indicating 0.00x coverage of total debt by Bitcoin holdings.

In cash and cash equivalents, TeraWulf holds $2.63 billion.

TeraWulf reported total revenue of $168.06 million and operating cash flow of $-197,258,000.00.

Trading Volume & Risk Metrics

In the most recent trading session, WULF recorded $565.06 million in dollar volume.

Over the past 30 days, WULF has averaged $721.67 million in daily trading volume.

TeraWulf's 30-day historical volatility is 78.5%.

Over the past calendar year, WULF's historical volatility is 101.2%.

TeraWulf's beta is 4.28x.

Short interest for WULF represents 25.2% of tradable shares.

TeraWulf's 90-day correlation with IBIT (iShares Bitcoin Trust ETF) is 44.8%, measuring how closely the stock tracks spot Bitcoin exposure.

WULF currently trades -11.49% from its 52-week high.

Options Market & Trading Activity

Implied volatility from the options market for WULF is 89.2%.

Total open interest for WULF options is $5.60 billion. Put open interest totals $1.79 billion and call open interest totals $3.82 billion.

The put-to-call ratio for TeraWulf is 0.47x.

Weighted by open interest, the average duration for WULF options is 125.8 days to expiration.

TeraWulf Bitcoin Treasury Data & Analysis on BitcoinQuant

The interactive TeraWulf 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 TeraWulf'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 TeraWulf'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: 05/11/2026, 2:05 PM ET

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