mNAV1.66×
EV mNAV1.35×
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 | 4.02 BRL | 2026-11-07 06:05 KST | Yahoo Finance |
| Coins held | 605 | 2026-06-30 | IR |
| Shares outstanding | 104,094,372 | 2026-06-30 | IR |
| Cash & USD assets | $13,887,356 | 2026-06-30 | IR |
| Debt (face) | $0 | 2026-06-30 | IR |
| Preferred (liquidation pref.) | $0 | 2026-06-30 | IR |
Calculation
- Coin value
- 605 × $76,000.01 = $46.0M
- Market cap
- 104,094,372 sh × $0.73 = $76.1M
- mNAV
- $76.1M ÷ $46.0M = 1.66×
- EV mNAV
- ($76.1M + debt $0 + preferred $0 − cash $13.9M) ÷ $46.0M = 1.35×
- Coins / 1,000 shares
- 0.0058 BTC
- 1.0× price
- R$2.43 ($0.44)
- Implied BTC price
- $125,916.22
- Avg purchase price
- $103,322 2026-06-30 · IR
- vs. cost
- -26.4% −$16.5M
- Debt/NAV
- 0%
Calculator
Stock at current mNAV (1.66×)—
Stock at 1.0×—
mNAV—
Implied BTC price—
mNAV history
Holdings history as reported
| As of | Holdings | Change | Shares | Source |
|---|---|---|---|---|
| 2026-06-30 | 605 | 104,094,372 | IR |