mNAV MoamNAV0.28×
EV mNAV0.41×
Coins/share growth—
Inputs and sources
| Item | Value | As of | Source |
|---|---|---|---|
| AVAX price | $8.35 | 2026-11-07 16:18 KST | Binance |
| Stock price | 0.82 USD | 2026-11-07 06:00 KST | Yahoo Finance |
| Coins held | 13,229,991 | 2026-09-23 | 8-K |
| Shares outstanding | 37,914,805 | 2026-08-19 | 10-Q |
| Cash & USD assets | $8,776,695 | 2026-06-30 | 10-Q |
| Debt (face) | $23,000,000 | 2026-06-30 | 10-Q |
| Preferred (liquidation pref.) | $0 | 2026-06-30 | 10-Q |
XBRL quarterly values
| Item | XBRL | As of | Tag |
|---|---|---|---|
| Cash & USD assets | $0 | 2026-03-31 | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Shares outstanding | 33,466,936 | 2026-03-31 | us-gaap:CommonStockSharesOutstanding |
Calculation
- Coin value
- 13,229,991 × $8.35 = $110.5M
- Market cap
- 37,914,805 sh × $0.82 = $31.1M
- mNAV
- $31.1M ÷ $110.5M = 0.28×
- EV mNAV
- ($31.1M + debt $23.0M + preferred $0 − cash $8.8M) ÷ $110.5M = 0.41×
- Coins / 1,000 shares
- 348.9400 AVAX
- 1.0× price
- $2.91
- Implied AVAX price
- $2.35
- Avg purchase price
- $16.80 2026-06-30 · 10-Q
- vs. cost
- -50.3% −$111.8M
- Debt/NAV
- 21%
Calculator
Stock at current mNAV (0.28×)—
Stock at 1.0×—
mNAV—
Implied AVAX price—
mNAV history
Holdings history as reported
| As of | Holdings | Change | Shares | Source |
|---|---|---|---|---|
| 2026-09-23 | 13,229,991 | 8-K |
Recent 8-Ks
- 2026-11-05 2.02 Results EX-99.1
- 2026-10-09 8.01 Other events
- 2026-09-29 8.01 Other events
- 2026-09-09 5.02 Officers/directors EX-10.1 EX-10.2
- 2026-08-26 2.02 Results · 7.01 Reg FD EX-99.1 EX-99.2
- 2026-08-26 3.01
- 2026-08-07 3.01
- 2026-07-16 5.02 Officers/directors