mNAV MoamNAV0.66×
EV mNAV0.69×
Coins/share growth—
Inputs and sources
| Item | Value | As of | Source |
|---|---|---|---|
| BNB price | $694.65 | 2026-11-07 16:18 KST | Binance |
| Stock price | 4.87 USD | 2026-11-07 06:00 KST | Yahoo Finance |
| Coins held | 515,544 | 2026-07-31 | 8-K |
| Shares outstanding | 48,773,114 | 2026-10-08 | DEF 14A |
| Cash & USD assets | $7,100,000 | 2026-07-31 | 8-K |
| Debt (face) | $16,800,000 | 2026-07-31 | 8-K |
| Preferred (liquidation pref.) | $0 | 2026-07-31 | xbrl |
XBRL quarterly values
| Item | XBRL | As of | Tag |
|---|---|---|---|
| Shares outstanding | 41,173,850 | 2026-09-04 | dei:EntityCommonStockSharesOutstanding |
Calculation
- Coin value
- 515,544 × $694.65 = $358.1M
- Market cap
- 48,773,114 sh × $4.87 = $237.5M
- mNAV
- $237.5M ÷ $358.1M = 0.66×
- EV mNAV
- ($237.5M + debt $16.8M + preferred $0 − cash $7.1M) ÷ $358.1M = 0.69×
- Coins / 1,000 shares
- 10.5702 BNB
- 1.0× price
- $7.34
- Implied BNB price
- $460.73
- Avg purchase price
- $866 2026-07-31 · 10-Q
- vs. cost
- -19.8% −$88.3M
- Debt/NAV
- 5%
Calculator
Stock at current mNAV (0.66×)—
Stock at 1.0×—
mNAV—
Implied BNB price—
mNAV history
Holdings history as reported
| As of | Holdings | Change | Shares | Source |
|---|---|---|---|---|
| 2026-07-31 | 515,544 | 8-K |
Recent 8-Ks
- 2026-11-03 5.02 Officers/directors · 7.01 Reg FD EX-99.1
- 2026-10-19 5.02 Officers/directors · 7.01 Reg FD EX-99.1 EX-99.2 EX-10.1 EX-10.2
- 2026-10-02 5.03 Charter/bylaws · 7.01 Reg FD · 8.01 Other events EX-99.1 EX-3.3 EX-4.1
- 2026-09-11 2.02 Results EX-99.1
- 2026-08-10 8.01 Other events EX-99.1
- 2026-07-24 1.01 Material agreement · 5.02 Officers/directors · 5.07 Shareholder vote EX-10.1