Leaderboard / Mining / China

The9 Limited (NCTY) bitcoin per share

BTC per share

0.00002272

BTC held ÷ shares outstanding

Sats per share

2,271.96 sats

1 BTC = 100,000,000 sats

BTC held

347 BTC

as of March 31, 2026

Shares outstanding

15,273,167

basic, as of March 31, 2026

USD value per share

live BTC spot × BTC per share

Leaderboard rank

#35 of 81

Data confidence: high

The9 Limited is a bitcoin miner, and miner treasuries behave differently from buy-and-hold balance sheets. Coins arrive as production and leave as funding for power, hardware and, increasingly, AI data center buildouts, so the per-share figure drifts month to month rather than moving in discrete purchase announcements. Listed on NASDAQ and based in China, it holds 347 BTC against 15,273,167 shares outstanding, which works out to 2,271.96 satoshis per share. That puts it at rank 35 of 81 on the bitcoinps.com leaderboard, in the upper half of listed corporate holders on a per-share basis.

The math

The calculation is deliberately simple: 347 BTC (as of March 31, 2026) divided by 15,273,167 basic shares (as of March 31, 2026) gives 0.00002272 BTC per share. Put another way, you would need roughly 44,015 shares to hold one full bitcoin through this stock. We rate this row high confidence: both the holdings figure and the share count trace to primary disclosures or well-corroborated sources.

Holdings context

The recent direction of travel is down. Disclosures show the company reducing its bitcoin position, so expect the per-share figure to erode between updates rather than compound.

Analyst note (2026-08-03): sharesOutstanding is ADS-equivalent: 4,581,950,212 ordinary shares (Class A + B) as of 2026-03-31 divided by ADS ratio 1:300. Per F-3/A: held 347 BTC after partial sales as of 2026-03-31 (CoinGecko shows 285; treat 347 as company-reported). Also holds 9BIT token. UNCONFIRMED whether BTC count changed since Q1.

What would change this number

New share issuance. Any capital raise, ATM program or convertible conversion grows the share count and mechanically lowers BTC per share unless matching coins are added. This row has no heavy-issuer flag today, but that can change with a single financing announcement.
Production and treasury sales. As a miner, the company adds coins through block rewards and routinely sells production to fund operations and capital spending. The balance between mined and sold bitcoin sets the monthly drift in this figure, independent of any financing activity.
Share class structure. The share count here spans multiple share classes or an ADS structure, and data aggregators frequently report only the listed class. We use the total economic share count where we can verify it; the methodology page explains how, and the confidence rating reflects any remaining doubt.

Quick reference: at the current figure, roughly 44,015 shares of NCTY represent one full bitcoin.

Sources

Listed on NASDAQ. Figures carry their own as-of dates above; this page was generated on August 3, 2026. See how we compute bitcoin per share, or browse the full leaderboard.