Can someone explain this to me?
$NAKA's stats on Oct 8: (BTC at $123k)
(screenshot from X)
$NAKA's stats on Nov 6: (BTC at $101k)
(screenshot from today)
The mNAV on Oct 8 was 0.938 at $0.9714, implying at mNAV of 0.98, it should have been $1.0149
The price drawdown in BTC was ~18% ($101k/$123k~0.82), suggesting that the current price of mNAV 0.98, should be
$1.0149 x 0.82 = ~$0.83 and not ~$0.73.
Where did the extra ~10 cents per share go?
Am I doing the math right?
Is the extra drawdown all debt service and operational expenses or something else?
$NAKA's stats on Nov 6: (BTC at $101k)
(screenshot from today)
The mNAV on Oct 8 was 0.938 at $0.9714, implying at mNAV of 0.98, it should have been $1.0149
The price drawdown in BTC was ~18% ($101k/$123k~0.82), suggesting that the current price of mNAV 0.98, should be
$1.0149 x 0.82 = ~$0.83 and not ~$0.73.
Where did the extra ~10 cents per share go?
Am I doing the math right?
Is the extra drawdown all debt service and operational expenses or something else?
