FRMO is a holding company with interests in asset management and investment funds that also holds BTC on its balance sheet.
OTC Markets:FRMO- BTC holdings
- 159.3
- Cost Basis
- $4.03M
- Average cost / BTC
- $25,292
- Change since start of year
- 0 BTC
$11.72M · as of May 31, 2026 · price as of Nov 11, 2026
NgU 2.91× · as of May 31, 2026
0%
- Market Cap
- $284.39M
- Enterprise Value
- $237.42M
- mNAV
- —
- Holdings per Share (BTC)
- —
Balance sheet values as of May 31, 2026, basic shares as of May 31, 2026: Annual Report · Aug 27, 2026
Asset holdings
Latest reported holdings for each asset. Cost Basis is the reported total cost. It can include fees and staking income. It does not give the date or price of each Purchase.
| Asset | Holdings | Cost Basis | As of | Sources |
|---|---|---|---|---|
| BTC | 159.3 | $4,029,000.00 USD | May 31, 2026 |
HoldingsBTC vs USD value
159.3 BTC
$11.76M USD value · as of 2026-11-10
- BTC Holdings (left)
- USD Value (right)
BTC Reserve
159.3 BTC
Average Cost $25,292 / BTC
- Holdings
- Average Cost
- Purchase (size = amount)
- Sale (size = amount)
BTC historical holdings
| Date | Change | Holdings | Cumulative cost | Average Cost | Sources |
|---|---|---|---|---|---|
| May 31, 2026 | 00% | 159.3 | $4.03M | $25,292 | |
| Feb 28, 2026 | 00% | 159.3 | $4.02M | $25,261 | |
| Nov 30, 2025 | +0.2+0.13% | 159.3 | $4.01M | $25,200 | |
| Aug 31, 2025 | +0.1+0.06% | 159.1 | $4M | $25,124 | |
| May 31, 2025 | +0.3+0.19% | 159 | $3.98M | $25,015 | |
| Feb 28, 2025 | +0.2+0.13% | 158.7 | $3.96M | $24,944 | |
| Nov 30, 2024 | +0.3+0.19% | 158.5 | $3.94M | $24,852 | |
| Aug 31, 2024 | +0.8+0.51% | 158.2 | $3.92M | $24,757 | |
| May 31, 2024Restatement: The Source for 2024-02-29 rounds the count to 158 BTC; the annual report gives 157.4 BTC at 2024-05-31, with no stated Sale. | -0.6-0.38% | 157.4 | $3.89M | $24,687 | |
| Feb 29, 2024 | +11.2+7.63% | 158 | $3.77M | $23,873 | |
| May 31, 2023 | — | 146.8 | $3.44M | $23,440 |
Advanced metrics
| Date | BTC holdings | Shares outstanding | Stock price | Market Cap | Financials | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Balance | Cost Basis | Value | Basic | Diluted | Basic | Diluted | Cash | Debt | ||
| May 31, 2026 | 159.3 | $4.03M | $11.74M | 44M | — | $6.69 | $294.51M | — | $46.97M | $0 |
| Feb 28, 2026 | 159.3 | $4.02M | $10.67M | — | — | $8.00 | — | — | — | — |
| Nov 30, 2025 | 159.3 | $4.01M | $14.39M | — | — | $7.79 | — | — | — | — |
| Aug 31, 2025 | 159.1 | $4M | $17.22M | — | — | $8.77 | — | — | — | — |
| May 31, 2025 | 159 | $3.98M | $16.63M | — | — | $8.41 | — | — | — | — |
| Feb 28, 2025 | 158.7 | $3.96M | $13.39M | — | — | $9.07 | — | — | — | — |
| Nov 30, 2024 | 158.5 | $3.94M | $15.28M | — | — | $10.75 | — | — | — | — |
| Aug 31, 2024 | 158.2 | $3.92M | $9.33M | — | — | $7.39 | — | — | — | — |
| May 31, 2024 | 157.4 | $3.89M | $10.63M | — | — | $7.04 | — | — | — | — |
| Feb 29, 2024 | 158 | $3.77M | $9.66M | — | — | $6.98 | — | — | — | — |
| May 31, 2023 | 146.8 | $3.44M | $3.99M | — | — | $7.58 | — | — | — | — |
— means no value was disclosed or derivable for that date.Stock prices are daily closes in USD at today's exchange rate.
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FRMO159.3 BTC