mNAV MoamNAV0.29×
EV mNAV0.55×
Coins/share growth—
Inputs and sources
| Item | Value | As of | Source |
|---|---|---|---|
| INJ price | $8.29 | 2026-11-07 16:18 KST | Binance |
| Stock price | 0.75 USD | 2026-11-07 06:00 KST | Yahoo Finance |
| Coins held | 7,746,789 | 2026-07-20 | 10-Q |
| Shares outstanding | 25,271,197 | 2026-07-20 | 10-Q |
| Cash & USD assets | $5,089,707 | 2026-05-31 | 10-Q |
| Debt (face) | $21,442,877 | 2026-05-31 | 10-Q |
| Preferred (liquidation pref.) | $0 | 2026-05-31 | 10-Q |
XBRL quarterly values
| Item | XBRL | As of | Tag |
|---|---|---|---|
| Debt (face) | $11,980,000 | 2025-11-30 | us-gaap:DebtInstrumentCarryingAmount |
Calculation
- Coin value
- 7,746,789 × $8.29 = $64.3M
- Market cap
- 25,271,197 sh × $0.75 = $18.9M
- mNAV
- $18.9M ÷ $64.3M = 0.29×
- EV mNAV
- ($18.9M + debt $21.4M + preferred $0 − cash $5.1M) ÷ $64.3M = 0.55×
- Coins / 1,000 shares
- 306.5462 INJ
- 1.0× price
- $2.54
- Implied INJ price
- $2.44
- Avg purchase price
- $6.16 2026-05-31 · 10-Q
- vs. cost
- +34.6% +$16.5M
- Debt/NAV
- 33%
Calculator
Stock at current mNAV (0.29×)—
Stock at 1.0×—
mNAV—
Implied INJ price—
mNAV history
Holdings history as reported
| As of | Holdings | Change | Shares | Source |
|---|---|---|---|---|
| 2026-07-20 | 7,746,789 | 25,271,197 | 10-Q |