Moore Threads: valuation, funding, and the secondary tape

The short version

New-money stake: 14.9%.

instrument	value	as of	source
Claimed valuation	n/a		graph
Napkin: new-money stake	14.9% ($1.13B of $7.60B)	2025-12-05	source

Recent milestones

2026-09-07 - Market mark: ¥415.49 / ¥195.29B (~US$27B) market cap, Sep 7 2026 — a -20% limit-down day landing exactly at the 52-week low (¥415.48-941.08
2026-08-10 - Financials on file: FY2025 revenue ¥1.51B (+243.4% vs FY2024's ¥438.5M), net loss ¥1.00B (narrowed 38.2%); TTM revenue ¥2.54B (+479.3%) as o
2025-12-05 - Moore Threads (摩尔线程, STAR 688795) listed Dec 5 2025: 70M new shares at ¥114.28 raising ¥8.0B (~US$1.13B) at a ¥53.7B post-issue cap; 4,126x

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Derived from the SOMEN graph at render time. The arithmetic cannot lobby you.