TechFlow, Oct 14 — According to Bloomberg, the market capitalization of Japanese publicly listed company Metaplanet Inc. has fallen below the value of its Bitcoin holdings.
The company shifted to a Bitcoin accumulation strategy in April 2024 and once traded at a significant premium relative to its Bitcoin net asset value. Its share price hit an all-time high in mid-June this year but has since plunged approximately 70%, causing the company's mNAV (market capitalization to BTC-held value ratio) to drop as low as 0.99 on Tuesday.




