The9 Limited

BTC Holdings

285

Share Price
$8.69

Current trading price per share

Market Cap
$122M

Total market capitalization

Enterprise Value
$37,000M

Market cap plus debt minus cash

NAV Multiple
3.68

Net Asset Value multiplier

BTC / Market Cap
27.2%

Bitcoin holdings as % of market cap

About The9 Limited
The9 Limited, listed on Nasdaq with the ticker NCTY, is a diversified technology company headquartered in Shanghai, China. Founded in 1999 by Jun Zhu as an online game developer and operator, it initially focused on licensing and operating popular multiplayer online games in China. Over time, the company expanded its business model to embrace emerging technologies, including cryptocurrency mining and blockchain solutions. Its core operations now encompass cryptocurrency mining across regions such as China, Eastern Europe, Asia, and North America, alongside game development, AI applications, and IT technical services, creating a synergistic ecosystem that bridges entertainment and digital innovation.
The company integrates Bitcoin into its treasury strategy, holding it as a reserve asset to diversify its financial portfolio and hedge against inflation, aligning with its strategic shift toward blockchain technologies. Beyond treasury management, The9 pursues a broader digital asset strategy, including investments in cryptocurrency mining operations and the development of GameFi platforms that leverage non-fungible tokens (NFTs) and decentralized finance. These initiatives support its vision of combining gaming expertise with blockchain to foster new revenue streams and user engagement.
Led by founder and Chairman Jun Zhu, a pioneer in China's gaming industry, The9 maintains a strong presence in both the gaming and cryptocurrency sectors through strategic investments and partnerships with digital asset funds. Its leadership drives innovation at the intersection of entertainment, AI, and blockchain, positioning the company as a key player in Asia's tech landscape. By evolving from traditional gaming to digital asset integration, The9 ensures long-term relevance in the global blockchain and fintech ecosystems.

Recent Developments

  • Mar 31, 2025: Bitcoin holdings increased by 285.00 BTC to 285 BTC with cost basis of $82.4K (BTC @ $13.96)
The9 Limited β€” Bitcoin Holdings Over Time
1y - Present
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The9 Limited β€” Stock vs BTC Dynamics
1y - Present
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Balance Sheet History
Date
BTC Balance
Change (BTC)
Cost Basis
Market Price
Stock Price
Mar 31, 2025
β‚Ώ285
285
$82.4K$13.96β€”