$ASST net assets per share in a year

Defaults are the starting numbers behind the net-asset grid in the author's post of 28 October 2026. Replace them with your own.

• Left out by default. Dividends on the preferred already outstanding, new common shares, operating costs and taxes. All of them would lower net assets per share.
• Simplified new SATS. It is sold today, a fixed share of its face value buys Bitcoin at today's price, and one year of its dividends is deducted.
• Preferred at par. Claims are counted at face value.
• mNAV on this page. The ASST price divided by net assets per share today: Bitcoin held at the live price plus cash, minus preferred claims, divided by common shares. Other sources define mNAV differently, so their numbers can differ.
• Scenario, not forecast. The page shows what has to be true for a result. It is not financial advice.