Machine Net Asset Value machine logoMNAV
ZERO GENESIS
MENU
01 · FRONT→02 · MACHINE NAV→03 · STRATEGY→04 · LEDGER→05 · POLICY→06 · ACCOUNTING→07 · VERIFY→08 · DOCS→
ENGINE — WAITING FOR GENESIS
HL FEED — CONNECTING…
UTC 06:00 T−--:--:--
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MACHINE NET ASSET VALUE // SOLANA-NATIVE mNAV

The mNAV strategy,
made autonomous.

Strategy turned capital markets into a Bitcoin-per-share machine. MNAV brings that model on-chain: Pump.fun fees fund a public HYPE desk; Solana records the NAV and profit-funded buybacks.

Machine Net Asset Value machine logo
NAV / TOKEN
$0.000000000
machine NAV ÷ circulating
MNAV
AWAITING
mcap ÷ machine NAV
MACHINE NAV
AWAITING FIRST FEE
HWM $0
FLOOR COVERAGE
AWAITING
of price, hard-backed
REPRODUCE LIVE MNAV →READ THE HYPE STRATEGY
INSTRUMENT 01 — THE MULTIPLE
AWAITING
MNAV OPENS ON THE FIRST FEE CLAIM
VALUATION OUTPUT ONLY
NEVER A TRADING INPUT
0.5
1
2
3
5
10
25
50
100
250
500
BELOW NAV
1–2× NAV
2–5× NAV
>5× NAV

mNAV is the truth dial: $MNAV market cap divided by machine NAV. A high multiple prices future machine growth; a low multiple prices the token closer to or below its disclosed assets. At zero genesis, mNAV remains uninitialized until creator fees create the first NAV.

THE SAYLOR PRECEDENT → THE SOLANA TRANSLATION
SOURCE — STRATEGY'S mNAV NOTES →
01 // STRATEGY · NASDAQ: MSTR

Capital markets build Bitcoin per share.

Michael Saylor turned Strategy into the world's first and largest Bitcoin Treasury Company. It raises through equity and credit instruments, acquires Bitcoin and seeks to increase net Bitcoin per share. Its published mNAV exposes the premium or discount the market assigns to that net Bitcoin value.

MSTR PRICE ÷ NET BITCOIN PER SHARE = mNAV
→
SAME VALUATION LENS
DIFFERENT CAPITAL ENGINE
02 // MACHINE NET ASSET VALUE · $MNAV

Launch volume builds machine NAV.

No corporate treasury and no operator-funded genesis. Pump.fun creator fees become working capital for a public HYPE strategy on Hyperliquid. The machine marks every asset, position and realized-profit buyback back to Solana.

$MNAV MARKET CAP ÷ MACHINE NAV = mNAV
THE CIRCUIT — ZERO GENESIS TO PROFIT-FUNDED BUYBACK
READ THE RISK LAW →
01
PUMP.FUN logo
FEE SOURCEPUMP.FUN

CREATOR FEES · CLAIMS AT 0.1 SOL

02
SOLANA logo
CLAIM + CUSTODYSOLANA

ZERO-SEED MACHINE WALLET

03
UNIT logo
BRIDGE OUTUNIT

SOL → HYPERLIQUID COLLATERAL

04
HYPERLIQUID logo
STRATEGYHYPERLIQUID

15m/5m LTF · 10× ISOLATED

05
UNIT logo
PROFIT HOMEUNIT

REALIZED PROFIT ONLY

06
JUPITER logo
MARKET ACTIONJUPITER

MARKET-BUY $MNAV

OUTBOUNDWORKING MACHINE CAPITAL
THE LINEPRINCIPAL NEVER BECOMES BUYBACK CAPITAL
INBOUNDCONFIRMED HARVESTED PROFIT
EXHIBIT A // PRICE vs NAV FLOOR — since genesis
log scale · red and green print equally · machine NAV includes live marked P&L
AWAITING FIRST FEE · PRICE VS NAV FLOOR OPENS AT GENESIS
MECHANISM // ONE SENTENCE

The machine claims creator fees from 0.1 SOL. Capital stages in public custody and moves through Unit as soon as 0.12 SOL is routeable; the published HYPE breakout strategy then arms. Only realized profit above the high-water mark may return for $MNAV buybacks.

CYCLE WAITINGCLAIM FLOOR 0.1 SOL
THE DESK // PUBLISHED STRATEGY
HYPE. 10× isolated.

15m compression · 5m breakout trigger · 0.5% equity risk · 15% max margin · 10% halt.

OPEN THE STRATEGY FILE →
DISCLOSURE // READ THIS ONE

The machine can lose. Drawdowns print here in the same size type as gains. At −10% from high-water the strategy halts new risk. Creator fees can keep capitalizing the desk; no loss is hidden and no operator can override the cap.

RED PRINTS AS LOUD AS GREEN
EXHIBIT B // OPEN POSITIONS
FULL MACHINE NAV →
AWAITING THE FIRST ECONOMIC CREATOR-FEE CLAIM — NO POSITION EXISTS.
Q1
How do I make money?

Creator fees build the desk from zero. NAV-per-token makes the machine assets visible; realized profit above the high-water mark funds $MNAV market buys through a separate settlement wallet.

Q2
What's my x from entry?

Arithmetic, not vibes: $MNAV market cap ÷ live machine NAV = mNAV. Every input is public, and the calculator reproduces the displayed number.

Q3
Why does the next buyer come?

The product becomes easier to price as creator fees accumulate. A liquid token trading against public, marked machine NAV creates an immediately legible premium-or-discount market.

GENESIS NOTE — The production feed is active. The machine starts at exactly zero; mNAV remains uninitialized until the first economic creator-fee claim settles. The machine starts at zero. No seed, no pre-fund — the first creator-fee claim is the genesis event, and every dollar in machine NAV is traceable to trading volume. A 0.02 SOL transaction reserve is disclosed and excluded from NAV. Below 0.1 SOL claimable, fees remain in Pump custody. The first claim stages immediately; after that, the active claim floor contracts to the exact shortfall required to make 0.12 SOL routeable through Unit. The first position unlocking prints as a ledger event. Law 1: the site never shows a promise, only a recording.