Cypherpunk valuation simulation

Multi-factor sensitivity matrix and MSTR empirical mNAV trajectory extrapolation

Extrapolating MicroStrategy’s empirical mNAV trajectory (0.7x–4.0x) onto Cypherpunk Technologies. Simulate implied share prices as corporate ZEC treasury accumulation and spot prices scale.

MSTR Median mNAV 1.65x

MSTR Bear Trough 0.96x

MSTR Bull Peak 3.96x

CYPH Current Diluted 1.05x

CYPH Holdings 323,394 ZEC

Zcash Price (USD) $1,274.42

Target mNAV Multiple 1.40x

Implied CYPH Share Price

$3.19 USD

Crypto NAV: $2.28/sh

Implied Market Cap

$544.5M

170.7M diluted shares

Implied Upside / (Downside)

+31.8%

vs $2.42 current price