Daily mNAV Report (Sep 17, 2025)

$MSTR: 1.27x
- Share Price: $329.71
- BTC Holdings: 638,985

Metaplanet (Nikkei): 1.28x
- BTC Holdings: 20,136

$BLSH: 2.99x
- Share Price: $54.25
- BTC Holdings: 24,340

$SMLR: 0.69x
- Share Price: $27.68
- BTC Holdings: 5,021

$SQNS: 3.69x
- Share Price: $9.52
- BTC Holdings: 3,205

BTC Price: $116,022.00

#Bitcoin #MNAV #BitcoinTreasuries #MSTR #MTPLF #BLSH #SMLR #SQNS