Bloomberg: Metaplanet's market value has fallen below the value of its Bitcoin reserves, with the mNAV ratio dropping to 0.99

Oct 14, 2025 14:23:45

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ChainCatcher news, the market capitalization of the Japanese listed company Metaplanet Inc. has fallen below the value of its Bitcoin reserves.

The company adopted a Bitcoin accumulation strategy in April 2024 and once enjoyed a significant premium relative to its net asset value in Bitcoin. Its stock price hit an all-time high in mid-June this year, but has since plummeted by about 70%, causing the company's mNAV to drop to 0.99 on Tuesday.

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