mNAV MoamNAV0.59×
EV mNAV†0.79×
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 | 3.00 USD | 2026-11-07 06:00 KST | Yahoo Finance |
| Coins held | 5,355 | 2026-06-30 | 424B3 |
| Shares outstanding | 79,375,625 | 2026-10-06 | 424B3 |
| Cash & USD assets | $15,338,000 | 2026-06-30 | 10-Q |
| Debt (face) | $99,600,000 | 2026-06-30 | 10-Q |
| Preferred (liquidation pref.) | none | — | — |
XBRL quarterly values
| Item | XBRL | As of | Tag |
|---|---|---|---|
| Cash & USD assets | $25,964,000 | 2026-03-31 | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Debt (face) | $99,600,000 | 2026-03-31 | us-gaap:ConvertibleNotesPayable |
| Shares outstanding | 88,369,575 | 2026-08-11 | dei:EntityCommonStockSharesOutstanding |
Calculation
- Coin value
- 5,355 × $76,000.01 = $407.0M
- Market cap
- 79,375,625 sh × $3.00 = $238.5M
- mNAV
- $238.5M ÷ $407.0M = 0.59×
- EV mNAV
- ($238.5M + debt $99.6M + preferred 0 − cash $15.3M) ÷ $407.0M = 0.79×
- Coins / 1,000 shares
- 0.0675 BTC
- 1.0× price
- $5.13
- Implied BTC price
- $44,542.25
- Avg purchase price
- $92,112 2026-06-30 · 424B3
- vs. cost
- -17.5% −$86.3M
- Debt/NAV
- 24%
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 |
|---|---|---|---|---|
| 2026-06-30 | 5,355 | 424B3 |