mNAV MoamNAV0.34×
EV mNAV0.72×
Coins/share growth—
Inputs and sources
| Item | Value | As of | Source |
|---|---|---|---|
| BTC price | $76,000.01 | 2026-11-07 16:18 KST | Binance |
| Stock price | 49.00 JPY | 2026-11-06 15:30 KST | Yahoo Finance |
| Coins held | 1,432 | 2026-08-31 | IR |
| Shares outstanding | 118,191,536 | 2026-09-30 | IR |
| Cash & USD assets | $2,090,635 | 2026-08-31 | IR |
| Debt (face) | $18,149,718 | 2026-09-30 | IR |
| Preferred (liquidation pref.) | $25,332,970 | 2026-09-30 | IR |
Calculation
- Coin value
- 1,432 × $76,000.01 = $108.8M
- Market cap
- 118,191,536 sh × $0.31 = $36.6M
- mNAV
- $36.6M ÷ $108.8M = 0.34×
- EV mNAV
- ($36.6M + debt $18.1M + preferred $25.3M − cash $2.1M) ÷ $108.8M = 0.72×
- Coins / 1,000 shares
- 0.0121 BTC
- 1.0× price
- ¥146 ($0.92)
- Implied BTC price
- $25,525.06
- Avg purchase price
- ¥14,756,285 ($93,144) 2026-04-21 · IR
- vs. cost
- -18.4% −$24.6M
- Debt/NAV
- 40%
Calculator
Stock at current mNAV (0.34×)—
Stock at 1.0×—
mNAV—
Implied BTC price—
mNAV history
Holdings history as reported
| As of | Holdings | Change | Shares | Source |
|---|---|---|---|---|
| 2026-08-31 | 1,432 | IR |