Metaplanet’s mNAV Falls Below 1 for the First Time

[ed]

Japanese Bitcoin treasury firm Metaplanet (3350) entered uncharted waters this week as its market-to-Bitcoin NAV (mNAV) dropped to 0.99. This means the company is now trading at a discount to its 30,823 BTC ($3.5B) holdings. The drop follows a 75% stock price slide since June and a pause in Bitcoin purchases since Sept. 30.

[jacson4]

Falling below parity could indicate short-term imbalance but may open room for strategic repositioning.

[alex10]

Falling below parity could indicate short-term imbalance but may open room for strategic repositioning.