mNAV MoamNAV1.53×
EV mNAV1.57×
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 | 192.00 JPY | 2026-11-06 15:30 KST | Yahoo Finance |
| Coins held | 1,509 | 2026-10-05 | IR |
| Shares outstanding | 144,926,100 | 2026-10-31 | IR |
| Cash & USD assets | $17,631,747 | 2026-06-30 | IR |
| Debt (face) | $22,166,349 | 2026-06-30 | IR |
| Preferred (liquidation pref.) | $0 | 2026-06-30 | IR |
Calculation
- Coin value
- 1,509 × $76,000.01 = $114.7M
- Market cap
- 144,926,100 sh × $1.21 = $175.6M
- mNAV
- $175.6M ÷ $114.7M = 1.53×
- EV mNAV
- ($175.6M + debt $22.2M + preferred $0 − cash $17.6M) ÷ $114.7M = 1.57×
- Coins / 1,000 shares
- 0.0104 BTC
- 1.0× price
- ¥125 ($0.79)
- Implied BTC price
- $116,416.63
- Debt/NAV
- 19%
Calculator
Stock at current mNAV (1.53×)—
Stock at 1.0×—
mNAV—
Implied BTC price—
mNAV history
Holdings history as reported
| As of | Holdings | Change | Shares | Source |
|---|---|---|---|---|
| 2026-10-05 | 1,509 | IR |