mNAV MoamNAV0.41×
EV mNAV0.72×
Diluted mNAV0.50×
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 | 3.45 CAD | 2026-11-07 05:10 KST | Yahoo Finance |
| Coins held | 737 | 2026-09-30 | IR |
| Shares outstanding | 9,399,480 | 2026-09-30 | IR |
| Cash & USD assets | $761,496 | 2026-06-30 | IR |
| Debt (face) | $17,880,132 | 2026-06-30 | IR |
| Preferred (liquidation pref.) | $0 | 2026-06-30 | IR |
Calculation
- Coin value
- 737 × $76,000.01 = $56.0M
- Market cap
- 9,399,480 sh × $2.44 = $23.0M
- mNAV
- $23.0M ÷ $56.0M = 0.41×
- EV mNAV
- ($23.0M + debt $17.9M + preferred $0 − cash $761,496) ÷ $56.0M = 0.72×
- Coins / 1,000 shares
- 0.0784 BTC
- 1.0× price
- C$8.42 ($5.96)
- Implied BTC price
- $31,130.09
- Avg purchase price
- C$146,658.00 ($103,807) 2025-06-27 · IR
- vs. cost
- -26.8% −$20.5M
- Debt/NAV
- 32%
Calculator
Stock at current mNAV (0.41×)—
Stock at 1.0×—
mNAV—
Implied BTC price—
mNAV history
Holdings history as reported
| As of | Holdings | Change | Shares | Source |
|---|---|---|---|---|
| 2026-09-30 | 737 | 9,399,480 | IR |