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See the bitcoin behind your shares, what they'd be worth at 1× mNAV, and how bitcoin price and mNAV change the picture.
At 37.38p a share
Bitcoin per share, after debt
Share price 35.39p if the premium went to zero
Now trading at 1.05× mNAV
Pick a bitcoin price and mNAV, or type any share price and work backwards. An illustration, not a forecast or advice.
Raising money to buy bitcoin usually issues new shares.
-0% vs today's 37.4p
Bitcoin $76k at 1.05× mNAV
| mNAV ↓ · BTC → | $100k | $150k | $250k | $500k | $1m |
|---|---|---|---|---|---|
| 1× | 49.4p | 78.2p | £1.36 | £2.80 | £5.68 |
| 1.5× | 76.2p | £1.19 | £2.06 | £4.22 | £8.54 |
| 2× | £1.03 | £1.61 | £2.76 | £5.64 | £11.40 |
| 3× | £1.56 | £2.43 | £4.16 | £8.48 | £17.12 |
| 5× | £2.64 | £4.08 | £6.96 | £14.16 | £28.57 |
Share price across bitcoin prices and mNAVs, with today's bitcoin, shares, debt and cash.
Uses live prices and the company's latest figures (₿2,850, 370,852,649 fully diluted shares, debt £16.0m). Scenarios keep debt and cash fixed. Illustration only, not investment advice. How it's worked out