mNAV MoamNAV0.59×
EV mNAV0.67×
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 | 6.95 BRL | 2026-11-07 06:05 KST | Yahoo Finance |
| Coins held | 3,950 | 2026-10-18 | IR |
| Shares outstanding | 140,409,580 | 2026-10-18 | IR |
| Cash & USD assets | $13,943,641 | 2026-06-30 | IR |
| Debt (face) | $38,627,083 | 2026-08-31 | IR |
| Preferred (liquidation pref.) | $0 | 2026-06-30 | IR |
Calculation
- Coin value
- 3,950 × $76,000.01 = $300.2M
- Market cap
- 140,409,580 sh × $1.26 = $177.6M
- mNAV
- $177.6M ÷ $300.2M = 0.59×
- EV mNAV
- ($177.6M + debt $38.6M + preferred $0 − cash $13.9M) ÷ $300.2M = 0.67×
- Coins / 1,000 shares
- 0.0281 BTC
- 1.0× price
- R$11.75 ($2.14)
- Implied BTC price
- $44,951.65
- Avg purchase price
- R$523,000.00 ($95,162) 2026-06-30 · IR
- vs. cost
- -20.1% −$75.7M
- Debt/NAV
- 13%
Calculator
Stock at current mNAV (0.59×)—
Stock at 1.0×—
mNAV—
Implied BTC price—
mNAV history
Holdings history as reported
| As of | Holdings | Change | Shares | Source |
|---|---|---|---|---|
| 2026-10-18 | 3,950 | 140,409,580 | IR |