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Aug 2025

Months to Cover Calculator

HTML5Vanilla JSTailwind CSSDNS Management
Months to Cover Calculator
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Tool to calculate a valuation metric called months to cover mNAV.

Background

There is a useful financial metric when it comes to Bitcoin Treasury companies called months to cover mNAV. It answers a simple yet important question when valuing these companies:

At the current rate of BTC yield growth, how many months would it take for the Net Asset value (NAV) of the company to cover the market premium aka multiple of NAV (mNAV)?

If you could calculate this information, you could use it to make an informed decision on whether the company is undervalued or overvalued. But there was no simple tool available to calculate this metric, so I built one myself.

Implementation

HTML and JavaScript. JavaScript handles the currency formatting, input validation, as well as the calculation itself. To deploy, I managed the domain registration and CNAME DNS routing to host the application directly on the web.