mNAV MoamNAV0.87×
EV mNAV1.05×
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 | 37.38 GBp | 2026-11-07 01:35 KST | Yahoo Finance |
| Coins held | 2,850 | 2026-10-23 | IR |
| Shares outstanding | 378,240,705 | 2026-10-12 | IR |
| Cash & USD assets | $1,705,712 | 2026-06-30 | IR |
| Debt (face) | $25,457,910 | 2026-09-30 | IR |
| Preferred (liquidation pref.) | $14,891,135 | 2026-10-22 | IR |
Calculation
- Coin value
- 2,850 × $76,000.01 = $216.6M
- Market cap
- 378,240,705 sh × $0.50 = $188.9M
- mNAV
- $188.9M ÷ $216.6M = 0.87×
- EV mNAV
- ($188.9M + debt $25.5M + preferred $14.9M − cash $1.7M) ÷ $216.6M = 1.05×
- Coins / 1,000 shares
- 0.0075 BTC
- 1.0× price
- p43 ($0.57)
- Implied BTC price
- $66,266.98
- Avg purchase price
- £81,837.00 ($109,301) 2026-10-23 · IR
- vs. cost
- -30.5% −$94.9M
- Debt/NAV
- 19%
Calculator
Stock at current mNAV (0.87×)—
Stock at 1.0×—
mNAV—
Implied BTC price—
mNAV history
Holdings history as reported
| As of | Holdings | Change | Shares | Source |
|---|---|---|---|---|
| 2026-10-23 | 2,850 | IR |