mNAV MoamNAV0.42×
EV mNAV0.32×
Coins/share growth—
Inputs and sources
| Item | Value | As of | Source |
|---|---|---|---|
| AVAX price | $8.35 | 2026-11-07 16:18 KST | Binance |
| Stock price | 4.29 USD | 2026-11-07 06:00 KST | Yahoo Finance |
| Coins held | 12,223,021 | 2026-06-30 | 10-Q |
| Shares outstanding | 9,987,248 | 2026-09-30 | 8-K |
| Cash & USD assets | $11,368,000 | 2026-06-30 | 10-Q |
| Debt (face) | $970,000 | 2026-09-30 | 8-K |
| Preferred (liquidation pref.) | $0 | 2026-06-30 | 10-Q |
XBRL quarterly values
| Item | XBRL | As of | Tag |
|---|---|---|---|
| Debt (face) | $1,841,100 | 2025-09-30 | us-gaap:LongTermDebt |
| Shares outstanding | 7,397,383 | 2026-08-12 | dei:EntityCommonStockSharesOutstanding |
Calculation
- Coin value
- 12,223,021 × $8.35 = $102.1M
- Market cap
- 9,987,248 sh × $4.29 = $42.8M
- mNAV
- $42.8M ÷ $102.1M = 0.42×
- EV mNAV
- ($42.8M + debt $970,000 + preferred $0 − cash $11.4M) ÷ $102.1M = 0.32×
- Coins / 1,000 shares
- 1,223.8627 AVAX
- 1.0× price
- $10.22
- Implied AVAX price
- $3.51
- Avg purchase price
- $12.50 2026-06-30 · 10-Q
- vs. cost
- -33.2% −$50.7M
- Debt/NAV
- 1%
Calculator
Stock at current mNAV (0.42×)—
Stock at 1.0×—
mNAV—
Implied AVAX price—
mNAV history
Holdings history as reported
| As of | Holdings | Change | Shares | Source |
|---|---|---|---|---|
| 2026-06-30 | 12,223,021 | 10-Q |
Recent 8-Ks
- 2026-10-19 5.02 Officers/directors EX-10.1
- 2026-10-07 2.02 Results · 7.01 Reg FD EX-99.1
- 2026-10-01 7.01 Reg FD EX-99.1
- 2026-09-29 5.02 Officers/directors
- 2026-08-19 5.02 Officers/directors · 7.01 Reg FD EX-99.1
- 2026-08-17 1.01 Material agreement · 2.03 Debt incurred
- 2026-08-05 1.01 Material agreement · 2.03 Debt incurred · 8.01 Other events EX-99.1 EX-10.1 EX-10.2
- 2026-07-09 8.01 Other events EX-99.1