mNAV MoamNAV0.56×
EV mNAV†0.54×
Coins/share growth—
Inputs and sources
| Item | Value | As of | Source |
|---|---|---|---|
| SOL price | $90.15 | 2026-11-07 16:18 KST | Binance |
| Stock price | 1.93 USD | 2026-11-07 06:00 KST | Yahoo Finance |
| Coins held | 2,319,919 | 2026-06-30 | 10-Q |
| Shares outstanding | 60,735,218 | 2026-09-29 | 424B5 |
| Cash & USD assets | $3,647,000 | 2026-06-30 | 10-Q |
| Debt (face) | $0 | 2026-06-30 | 10-Q |
| Preferred (liquidation pref.) | none | — | — |
XBRL quarterly values
| Item | XBRL | As of | Tag |
|---|---|---|---|
| Shares outstanding | 60,458,703 | 2026-08-12 | dei:EntityCommonStockSharesOutstanding |
Calculation
- Coin value
- 2,319,919 × $90.15 = $209.1M
- Market cap
- 60,735,218 sh × $1.93 = $117.2M
- mNAV
- $117.2M ÷ $209.1M = 0.56×
- EV mNAV
- ($117.2M + debt $0 + preferred 0 − cash $3.6M) ÷ $209.1M = 0.54×
- Coins / 1,000 shares
- 38.1973 SOL
- 1.0× price
- $3.44
- Implied SOL price
- $50.53
- Avg purchase price
- $208 2026-06-30 · 10-Q
- vs. cost
- -56.6% −$272.4M
- Debt/NAV
- 0%
Calculator
Stock at current mNAV (0.56×)—
Stock at 1.0×—
mNAV—
Implied SOL price—
mNAV history
Holdings history as reported
| As of | Holdings | Change | Shares | Source |
|---|---|---|---|---|
| 2026-06-30 | 2,319,919 | 10-Q |
Recent 8-Ks
- 2026-09-30 7.01 Reg FD · 8.01 Other events EX-99.1 EX-5.1 EX-4.1 EX-10.2 EX-10.1
- 2026-08-14 2.02 Results EX-99.1