HAMA.L share price
0.450p
−1.850p (−80.4%) since 9 Oct 2025
Lowest on record
9 Oct 2025 0.450p 2.500p 12 Oct 2026
Closing price on the London Stock Exchange.
Independent investor analysis
Hamak at a glance
The numbers that matter and how they have moved. Each card's title links to the scoreboard section that shows how it is made and where it comes from.
Published by Golden Bitcoin, an independent investor publication. This is not Hamak Strategy investor relations and it is not financial advice.
Sats per share
3.554 sats
−0.870 (−19.7%) since 9 Oct 2025
9 Oct 2025 3.554 6.018 12 Oct 2026
Bitcoin held per share. Moves only when the company buys, sells or issues.
Gold per million shares
0.0032 oz
+0.0032 since 9 Oct 2025
9 Oct 2025 0.0000 0.1228 12 Oct 2026
Ounces of gold held per million shares. Contains no price.
mNAV
1.77×
−3.91× (−68.8%) since 9 Oct 2025
Last this low: 16 Sept 2026
9 Oct 2025 1.70× 6.64× 12 Oct 2026
Market capitalisation ÷ treasury value. Above 1.0, the market pays more than the assets.
Market capitalisation
£2.28m
−£8.12m (−78.1%) since 9 Oct 2025
Lowest on record
9 Oct 2025 £2.28m £11.30m 12 Oct 2026
Share price × shares outstanding.
Treasury value
£1.29m
−£543k (−29.7%) since 9 Oct 2025
Last this high: 7 Oct 2026
9 Oct 2025 £1.24m £1.92m 12 Oct 2026
Bitcoin, gold and the Vaultz stake at the day’s closing prices.
Market cap vs treasury
£993k gap
−£7.58m (−88.4%) since 9 Oct 2025
9 Oct 2025 £1.24m £11.30m 12 Oct 2026
The gap is what the market is paying for everything else — chiefly Akoko.
Treasury value per share
0.254p
−0.151p (−37.2%) since 9 Oct 2025
Last this high: 7 Oct 2026
9 Oct 2025 0.245p 0.444p 12 Oct 2026
Treasury value ÷ shares outstanding, against a share price of the same unit.
Bitcoin held
18 BTC
−2 (−10.0%) since 9 Oct 2025
9 Oct 2025 18 26 12 Oct 2026
Every purchase and sale is an announced, dated ledger row.
Gold held
1.61 oz
+1.61 since 9 Oct 2025
9 Oct 2025 0.00 53.05 12 Oct 2026
Physical gold, in troy ounces.
Shares outstanding
506.5m shares
+54.4m (+12.0%) since 9 Oct 2025
9 Oct 2025 432.1m 506.5m 12 Oct 2026
Issued share capital less treasury shares — the denominator of every per-share figure.
Treasury mix
88% in bitcoin
−12 pts since 9 Oct 2025
9 Oct 2025 £0 £1.92m 12 Oct 2026
What the treasury is made of, by value.
Since last treasury move
24 days
9 moves since 9 Oct 2025
Sold 8 BTC · 18 Sept 2026
9 Oct 2025 12 Oct 2026
Days since the company last bought or sold bitcoin, gold or the Vaultz stake.
Since last share issue
31 days
3 issues, +63.5m since 9 Oct 2025
Issued 5,000,000 shares · 11 Sept 2026
9 Oct 2025 12 Oct 2026
Days since new shares were last issued. Each issue dilutes every per-share figure.
Summary
Each range's change to 12 Oct 2026. A figure's name links to how it is made.
| Figure | Latest | 1W since 5 Oct 2026 | 1M since 14 Sept 2026 | 3M since 13 Jul 2026 | 6M since 13 Apr 2026 | YTD since 2 Jan 2026 | All since 9 Oct 2025 |
|---|---|---|---|---|---|---|---|
| HAMA.L share price | 0.450p | −0.100p (−18.2%) | −0.175p (−28.0%) | −0.200p (−30.8%) | −0.500p (−52.6%) | −0.950p (−67.9%) | −1.850p (−80.4%) |
| Sats per share | 3.554 sats | No change | −1.579 (−30.8%) | −2.368 (−40.0%) | −2.464 (−40.9%) | −0.870 (−19.7%) | −0.870 (−19.7%) |
| Gold per million shares | 0.0032 oz | No change | No change | −0.0298 (−90.4%) | −0.1196 (−97.4%) | +0.0032 | +0.0032 |
| mNAV | 1.77× | −0.32× (−15.3%) | −0.14× (−7.1%) | −0.25× (−12.3%) | −0.56× (−24.0%) | −2.97× (−62.6%) | −3.91× (−68.8%) |
| Market capitalisation | £2.28m | −£507k (−18.2%) | −£886k (−28.0%) | −£574k (−20.1%) | −£1.83m (−44.5%) | −£4.05m (−64.0%) | −£8.12m (−78.1%) |
| Treasury value | £1.29m | −£46k (−3.5%) | −£374k (−22.5%) | −£125k (−8.9%) | −£473k (−26.9%) | −£49k (−3.6%) | −£543k (−29.7%) |
| Market cap vs treasury | £993k gap | −£460k (−31.7%) | −£513k (−34.1%) | −£449k (−31.1%) | −£1.35m (−57.7%) | −£4.00m (−80.1%) | −£7.58m (−88.4%) |
| Treasury value per share | 0.254p | −0.009p (−3.5%) | −0.074p (−22.5%) | −0.068p (−21.0%) | −0.153p (−37.6%) | −0.041p (−14.0%) | −0.151p (−37.2%) |
| Bitcoin held | 18 BTC | No change | −8 (−30.8%) | −8 (−30.8%) | −8 (−30.8%) | −2 (−10.0%) | −2 (−10.0%) |
| Gold held | 1.61 oz | No change | No change | −12.86 (−88.9%) | −51.44 (−97.0%) | +1.61 | +1.61 |
| Shares outstanding | 506.5m shares | No change | No change | +67.5m (+15.4%) | +74.5m (+17.2%) | +54.4m (+12.0%) | +54.4m (+12.0%) |
| Treasury mix | 88% in bitcoin | +<1 pt | −3 pts | +2 pts | +6 pts | −12 pts | −12 pts |
| Since last treasury move | 24 days | No moves | 1 move | 2 moves | 4 moves | 9 moves | 9 moves |
| Since last share issue | 31 days | No issues | No issues | 3 issues, +63.5m | 3 issues, +63.5m | 3 issues, +63.5m | 3 issues, +63.5m |
Treasury movements and share issues
Every step in the charts above is one of these announcements. Newest first, to 12 Oct 2026.
| Date | What happened | Announcement |
|---|---|---|
| 18 Sept 2026 | Treasury Sold 8 BTC | Source |
| 11 Sept 2026 | Shares Issued 5,000,000 shares | Source |
| 3 Sept 2026 | Shares Issued 33,474,075 shares | Source |
| 3 Sept 2026 | Shares Issued 25,000,000 shares | Source |
| 21 Jul 2026 | Treasury Sold 0.4kg gold | Source |
| 15 Jun 2026 | Treasury Sold 0.5kg gold | Source |
| 21 May 2026 | Treasury Sold 0.7kg gold | Source |
| 18 Mar 2026 | Treasury Bought Vaultz stake | Source |
| 18 Mar 2026 | Treasury Bought Vaultz stake | Source |
| 18 Feb 2026 | Treasury Bought 3 BTC | Source |
| 27 Jan 2026 | Treasury Bought 1.65kg gold | Source |
| 3 Jan 2026 | Treasury Bought 3 BTC | Source |
| 30 Jul 2025 | Treasury Bought 20 BTC | Source |
Prices: Yahoo Finance, delayed data. For each figure's formula, basis and caveats, see the investor scoreboard; for definitions, its definitions.