FC

FRMO Corp.

Ticker: FRMO United States

FRMO Corp. Key Metrics

Bitcoin Holdings
159
BTC
Market Cap
$342.0M
USD
Enterprise Value
$258.0M
USD
BTC/Share
0.000001
Per Share
mNAV
16.226
Premium

FRMO Corp. Bitcoin Strategy

Total Bitcoin holdings represent 4.65% of market capitalization

Trading at 16.226x net asset value (premium)

Each share represents 0.000001 Bitcoin

About FRMO Corp.

FRMO Corp. is a publicly traded company that has allocated a portion of its treasury reserves to Bitcoin. This strategic decision positions the company at the forefront of corporate Bitcoin adoption, demonstrating confidence in Bitcoin as a store of value and potential hedge against currency debasement.

FRMO Corp. Investment Thesis

Why investors consider FRMO Corp. for Bitcoin exposure:

1

Regulated Bitcoin Exposure

Gain Bitcoin exposure through a publicly traded security with established regulatory frameworks, audited financials, and institutional-grade custody.

2

Premium Valuation

Trading at 16.23x mNAV reflects strong market confidence in FRMO Corp.'s Bitcoin strategy and ability to grow BTC per share over time.

3

Tax-Advantaged Accounts

Unlike direct Bitcoin ownership, shares can be held in IRAs, 401(k)s, and other tax-advantaged retirement accounts for potential long-term tax benefits.

Note: This is educational content about investment considerations, not financial advice. Bitcoin treasury companies carry unique risks including Bitcoin price volatility, dilution, and company-specific factors. Consult a financial advisor before investing.

Corporate Bitcoin Acquisition Context

Bitcoin Treasury Timeline

The corporate Bitcoin treasury movement gained momentum in 2020 when MicroStrategy became the first major public company to adopt Bitcoin as its primary treasury reserve asset. Since then, dozens of companies across multiple sectors have followed suit.

2020: Corporate Bitcoin adoption begins
2021: Tesla, Block, and others join
2022-23: HODL through bear market
2024+: Accelerated institutional adoption

Why Companies Hold Bitcoin

  • Inflation hedge - Protection against currency debasement
  • Treasury diversification - Alternative to cash and bonds
  • Shareholder value - Growing BTC per share over time
  • Balance sheet optimization - Converting idle cash to productive asset
  • Strategic positioning - Early mover advantage in Bitcoin economy

FRMO Corp. is among the growing number of publicly traded companies holding Bitcoin as a treasury reserve asset, with 159 BTC on its balance sheet.

Company Details

Ticker SymbolFRMO
CountryUnited States
Bitcoin Holdings159 BTC
Bitcoin Value$15.9M
BTC Per Share0.000001
mNAV Multiple16.226x

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