mNAV MoamNAV2.96×
EV mNAV†2.92×
Coins/share growth—
Inputs and sources
| Item | Value | As of | Source |
|---|---|---|---|
| TRX price | $0.32 | 2026-11-07 16:18 KST | Binance |
| Stock price | 1.41 USD | 2026-11-07 06:00 KST | Yahoo Finance |
| Coins held | 709,000,000 | 2026-08-13 | 8-K |
| Shares outstanding | 474,382,064 | 2026-08-07 | 10-Q |
| Cash & USD assets | $9,495,598 | 2026-06-30 | 10-Q |
| Debt (face) | $0 | 2026-06-30 | 10-Q |
| Preferred (liquidation pref.) | none | — | — |
Calculation
- Coin value
- 709,000,000 × $0.32 = $226.0M
- Market cap
- 474,382,064 sh × $1.41 = $668.9M
- mNAV
- $668.9M ÷ $226.0M = 2.96×
- EV mNAV
- ($668.9M + debt $0 + preferred 0 − cash $9.5M) ÷ $226.0M = 2.92×
- Coins / 1,000 shares
- 1,494.5759 TRX
- 1.0× price
- $0.48
- Implied TRX price
- $0.94
- Avg purchase price
- $0.31 2025-08-27 · 10-Q
- vs. cost
- +2.9% +$6.3M
- Debt/NAV
- 0%
Calculator
Stock at current mNAV (2.96×)—
Stock at 1.0×—
mNAV—
Implied TRX price—
mNAV history
Holdings history as reported
| As of | Holdings | Change | Shares | Source |
|---|---|---|---|---|
| 2026-08-13 | 709,000,000 | 8-K |
Recent 8-Ks
- 2026-10-21 7.01 Reg FD EX-99.1
- 2026-10-19 7.01 Reg FD EX-99.1
- 2026-10-14 1.01 Material agreement EX-5.1 EX-1.1
- 2026-08-13 7.01 Reg FD EX-99.1