Daily mNAV Report (Sep 23, 2025)

$MSTR: 1.30x
- Share Price: $327.78
- BTC Holdings: 638,985

Metaplanet (Nikkei): 1.23x
- BTC Holdings: 20,136

$BLSH: 3.90x
- Share Price: $69.49
- BTC Holdings: 24,340

$SMLR: 0.84x
- Share Price: $32.66
- BTC Holdings: 5,021

$SQNS: 3.85x
- Share Price: $9.64
- BTC Holdings: 3,205

BTC Price: $112,445.00

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