mNAV MoamNAV0.47×
EV mNAV†1.51×
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 | 1,883.00 KRW | 2026-11-06 15:30 KST | Yahoo Finance |
| Coins held | 552 | 2026-08-14 | 10-Q |
| Shares outstanding | 14,291,702 | 2026-06-30 | 10-Q |
| Cash & USD assets | $6,343,283 | 2026-06-30 | 10-Q |
| Debt (face) | $50,037,000 | 2026-08-11 | 10-Q |
| Preferred (liquidation pref.) | none | — | — |
Calculation
- Coin value
- 552 × $76,000.01 = $41.9M
- Market cap
- 14,291,702 sh × $1.38 = $19.7M
- mNAV
- $19.7M ÷ $41.9M = 0.47×
- EV mNAV
- ($19.7M + debt $50.0M + preferred 0 − cash $6.3M) ÷ $41.9M = 1.51×
- Coins / 1,000 shares
- 0.0386 BTC
- 1.0× price
- ₩3,999 ($2.93)
- Implied BTC price
- $35,783.46
- Avg purchase price
- ₩127,460,266 ($93,470) 2026-06-30 · 10-Q
- vs. cost
- -18.7% −$9.6M
- Debt/NAV
- 119%
Calculator
Stock at current mNAV (0.47×)—
Stock at 1.0×—
mNAV—
Implied BTC price—
mNAV history
Holdings history as reported
| As of | Holdings | Change | Shares | Source |
|---|---|---|---|---|
| 2026-08-14 | 552 | 10-Q |