Point-in-time statutory valuation · cost basis (acquisition Dec 2024): $1,950,000 · prices = CoinGecko daily close 31.12.2025 (23:59 UTC)
Read me first. HV's original entry prices/valuations are not relevant here — peaq's basis is the $1.95M acquisition cost.
Listed prices are the fixed 31.12.2025 closing values. Locked (in-cliff) tokens are not sellable at spot — the lock-up / liquidity discounts below are illustrative and must be set with peaq's auditor, along with the framework (HGB vs IFRS) and the per-position cost allocation. Quantities are the full allocation — verify against 31.12.2025 wallet balances.
Fair value 31.12.2025 (after discounts)
–
Cost basis (acquisition)
$1,950,000
Dec 2024 purchase price
Book vs. cost
–
fair value − cost
Written off → $0
5
Odyssey, LAKE, SYNT, Hats, Catalyst
① Listed & trading at 31.12.2025
Fair value = 31.12.2025 close × quantity held × (1 − discount). Locked positions need a marketability/liquidity discount.
Asset
Close 31.12.25
Quantity
Unlock status 31.12.25
Gross value
Discount %
Fair value
Σ listed
② Pre-TGE at 31.12.2025 (listed only in 2026)
⚠️ Acurast & Arcium were not listed on 31.12.2025 → value at the last private round, not the 2026 market price. Our-stake = editable.
Asset
Basis
Last valuation (our stake)
Discount %
Fair value
Σ pre-TGE
③ Unlisted holdings
Last funding round × our stake, with impairment discounts for the failing positions.
Asset
Basis
Last valuation (our stake)
Discount %
Fair value
Σ unlisted
④ Written off → $0
Part of the acquired book, fully impaired at 31.12.2025.
Asset
Reason
Fair value
Edits (quantities, stakes, discounts) are saved locally in your browser.
Notes & assumptions:
• Prices: CoinGecko daily close 31.12.2025 (23:59 UTC) — TIA $0.4568 · BID $0.02618 · PEAQ $0.03066 · LIGHT $1.6396. LIGHT rose ~3.5× during 31.12; the closing convention is material and must be applied consistently.
• LIGHT & BID were still in their cliff at 31.12.2025 (not transferable). LIGHT additionally trades in a thin market — a naïve spot × quantity would overstate realisable value.
• Default discounts shown are illustrative placeholders, not audit conclusions. The discount methodology (DLOM / blockage), the accounting framework (HGB: no write-ups above cost / IFRS), and the per-position allocation of the $1.95M cost are to be finalised with peaq's auditor.
• Quantities default to the full allocation; confirm against 31.12.2025 wallet balances and any 2025 disposals.
• Unlisted / pre-TGE stakes use ownership % × last company valuation (per MoU): Acurast 0.25%×$65M, Arcium 0.25%×$200M, Aizel 0.29%×$65M, D8X 1.00%×$35M, Edgen 0.06%×$80M. Exception Tokenize.it = 166 shares × €800 (current per-share price, not the round valuation).
• SAFT-confirmed (Sep 2026): Acurast & Aizel are explicitly a % of supply (0.25% / 0.29%) → the %×valuation method is contractual; D8X = 100,000 tokens (1% of 10M — MoU’s 1,000,000 was wrong); Edgen 6.25M @ $0.008; Arcium 2.5M @ $0.04 (0.25% of 1B). Creator Bid: existing-investor terms are 12-month cliff + 24-month vesting → still in cliff at 31.12.2025 (a later renewed SAFT with different terms exists; the original applies here).
• SAFT still outstanding: Bitlight (LIGHT).