Wu Blockchain (@WuBlockchain): According to Bloomberg, Japan-listed company Metaplanet Inc. has seen its enterprise value fall below the value of its Bitcoin reserves. Metaplanet ad…
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According to Bloomberg, Japan-listed company Metaplanet Inc. has seen its enterprise value fall below the value of its Bitcoin reserves. Metaplanet adopted a Bitcoin accumulation strategy in April 2024 and once traded at a significant premium to its Bitcoin net asset value. After hitting an all-time high in mid-June, the company’s stock has since plunged about 70%, pushing its mNAV to 0.99 on Tuesday. https://t.co/4UsW7JRs1F