Metaplanet Slips Below Net Asset Value, Raising Alarms

[cryptoenthusiast]

Metaplanet’s modified NAV dropped to 0.99, meaning the company traded below the value of its Bitcoin holdings.
Although it recovered slightly to 1.03, shares have crashed 70% since June, erasing its prior premium.
This mNAV inversion reflects a crisis of confidence in Bitcoin-based treasury strategies, now tested by market volatility.