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
Quick scenarios
Click
to apply institutional forecast
Implied CYPH share price
$3.19
USD
Implied upside / (downside)
+31.8%
vs $2.42
current stock price
Implied market cap
$544.5M
188.6M diluted shares
Total ZEC Treasury Value
$525.6M
Underlying crypto asset backing
ZEC density (per 1k shares)
1.74
ZEC
Direct crypto per 1,000 CYPH
Enterprise Premium
Cypherpunk Valuation Sensitivity Matrix
Cross-scenario matrix of implied CYPH share price (USD) and upside % across Zcash spot
price levels and mNAV multiples. Click any cell to simulate.
| mNAV \ ZEC | $500 | $1,000 | $1,600 Spot | $2,500 | $5,000 | $10,000 | $25,000 |
|---|---|---|---|---|---|---|---|
| 0.75x (Bear) | |||||||
| 1.00x (Parity) | |||||||
| 1.40x (Base) | |||||||
| 1.65x (MSTR Median) | |||||||
| 2.00x (Bull Run) | |||||||
| 3.00x (Supercycle) | |||||||
| 3.96x (MSTR Peak) | |||||||
| 5.00x (Euphoria) |
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