The market value of Metaplanet, a Japanese investment firm known for its Bitcoin (BTC) accumulation strategy, has fallen below the value of the digital asset’s reserves.
The company’s stock price has fallen more than 70% from its all-time high in June. Investor appetite for companies that serve as Bitcoin vaults has waned.
During trading on the Tokyo Stock Exchange this Tuesday, Metaplanet stock closed down 12%, as seen in the following graph provided by TradingView.
According to data released by the company, With navigation —Ratio of market capitalization and debt to digital currencies held— reached 0.99although he quickly recovered.
This indicator shows that The market valued the company lower than its Bitcoin assets.an unprecedented situation for the company.
As explained by CriptoNoticias, Metaplanet, which started its financial strategy in April 2024, currently owns 30,823 Bitcoins worth approximately $3.4 billion.
analyst mark chadwickwith consultation from Bloomberg. Interpreting the decline as the “burst of a bubble” Focus on these actions. However, investors who are bullish on Bitcoin over the long term may view the current discount as a buying opportunity.
(Tag Translation) Bitcoin (BTC)
