mNAV MoamNAV0.22×
EV mNAV0.24×
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 | 0.93 USD | 2026-11-07 06:00 KST | Yahoo Finance |
| Coins held | 3,170 | 2026-09-30 | 8-K |
| Shares outstanding | 57,515,785 | 2026-10-21 | 424B5 |
| Cash & USD assets | $2,001,007 | 2026-06-30 | 10-Q |
| Debt (face) | $6,235,651 | 2026-06-30 | 10-Q |
| Preferred (liquidation pref.) | $0 | 2026-06-30 | 10-Q |
XBRL quarterly values
| Item | XBRL | As of | Tag |
|---|---|---|---|
| Shares outstanding | 4,966,818 | 2026-08-14 | dei:EntityCommonStockSharesOutstanding |
Calculation
- Coin value
- 3,170 × $76,000.01 = $240.9M
- Market cap
- 57,515,785 sh × $0.93 = $53.4M
- mNAV
- $53.4M ÷ $240.9M = 0.22×
- EV mNAV
- ($53.4M + debt $6.2M + preferred $0 − cash $2.0M) ÷ $240.9M = 0.24×
- Coins / 1,000 shares
- 0.0551 BTC
- 1.0× price
- $4.19
- Implied BTC price
- $16,831.99
- Avg purchase price
- $83,612 2026-09-30 · 8-K
- vs. cost
- -9.1% −$24.1M
- Debt/NAV
- 3%
Calculator
Stock at current mNAV (0.22×)—
Stock at 1.0×—
mNAV—
Implied BTC price—
mNAV history
Holdings history as reported
| As of | Holdings | Change | Shares | Source |
|---|---|---|---|---|
| 2026-09-30 | 3,170 | 8-K |