mNAV MoamNAV0.64×
EV mNAV†0.61×
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 | 5.35 USD | 2026-11-07 06:00 KST | Yahoo Finance |
| Coins held | 8,002 | 2026-06-30 | 10-Q |
| Shares outstanding | 72,819,713 | 2026-07-30 | 10-Q |
| Cash & USD assets | $18,354,000 | 2026-06-30 | 10-Q |
| Debt (face) | $0 | 2026-06-30 | 10-Q |
| Preferred (liquidation pref.) | none | — | — |
XBRL quarterly values
| Item | XBRL | As of | Tag |
|---|---|---|---|
| Cash & USD assets | $7,409,000 | 2026-09-30 | us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents |
Calculation
- Coin value
- 8,002 × $76,000.01 = $608.2M
- Market cap
- 72,819,713 sh × $5.35 = $389.6M
- mNAV
- $389.6M ÷ $608.2M = 0.64×
- EV mNAV
- ($389.6M + debt $0 + preferred 0 − cash $18.4M) ÷ $608.2M = 0.61×
- Coins / 1,000 shares
- 0.1099 BTC
- 1.0× price
- $8.35
- Implied BTC price
- $48,686.01
- Avg purchase price
- $97,717 2026-06-30 · 10-Q
- vs. cost
- -22.2% −$173.8M
- Debt/NAV
- 0%
Calculator
Stock at current mNAV (0.64×)—
Stock at 1.0×—
mNAV—
Implied BTC price—
mNAV history
Holdings history as reported
| As of | Holdings | Change | Shares | Source |
|---|---|---|---|---|
| 2026-06-30 | 8,002 | 10-Q |
Recent 8-Ks
- 2026-11-04 2.02 Results EX-99.1
- 2026-08-03 2.02 Results EX-99.1
- 2026-08-03 5.02 Officers/directors
- 2026-07-06 3.03 Security rights · 5.03 Charter/bylaws · 8.01 Other events EX-99.1 EX-3.1