mNAV MoamNAV0.72×
EV mNAV1.21×
Coins/share growth—
Inputs and sources
| Item | Value | As of | Source |
|---|---|---|---|
| ETH price | $2,245.89 | 2026-11-07 16:18 KST | Binance |
| Stock price | 0.73 USD | 2026-11-07 06:00 KST | Yahoo Finance |
| Coins held | 163,726 | 2026-09-30 | IR |
| Shares outstanding | 361,125,850 | 2026-09-30 | IR |
| Cash & USD assets | $27,500,000 | 2026-06-30 | 8-K |
| Debt (face) | $200,000,000 | 2026-06-30 | 8-K |
| Preferred (liquidation pref.) | $9,050,000 | 2026-06-30 | xbrl |
XBRL quarterly values
| Item | XBRL | As of | Tag |
|---|---|---|---|
| Cash & USD assets | $83,555,000 | 2026-06-30 | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Debt (face) | $25,464,000 | 2026-06-30 | us-gaap:LongTermDebt |
| Shares outstanding | 360,633,503 | 2026-08-10 | dei:EntityCommonStockSharesOutstanding |
Calculation
- Coin value
- 163,726 × $2,245.89 = $367.7M
- Market cap
- 361,125,850 sh × $0.73 = $265.1M
- mNAV
- $265.1M ÷ $367.7M = 0.72×
- EV mNAV
- ($265.1M + debt $200.0M + preferred $9.1M − cash $27.5M) ÷ $367.7M = 1.21×
- Coins / 1,000 shares
- 0.4534 ETH
- 1.0× price
- $1.02
- Implied ETH price
- $1,618.96
- Avg purchase price
- $3,008 2026-09-30 · IR
- vs. cost
- -25.3% −$124.7M
- Debt/NAV
- 57%
Calculator
Stock at current mNAV (0.72×)—
Stock at 1.0×—
mNAV—
Implied ETH price—
mNAV history
Holdings history as reported
| As of | Holdings | Change | Shares | Source |
|---|---|---|---|---|
| 2026-09-30 | 163,726 | 361,125,850 | IR |
Recent 8-Ks
- 2026-09-09 7.01 Reg FD EX-99.1
- 2026-08-13 2.02 Results · 7.01 Reg FD EX-99.1