Metaplanet shares on the OTC market closed at about $1.29 on June 25, extending a year-long drop that slashed the stock 88%, while Bitcoin holdings climbed above 40,000 BTC. The figures caught an analyst’s eye, who insists the market undervalues the firm against its real worth.
Metaplanet’s Market Value Trails Its Bitcoin Holdings 🔮
Data posted by Bitcoin watcher Zynx on June 26 shows Metaplanet holds 40,177 BTC for a net asset value near $2.36 billion, against a market cap of just $1.54 billion and $297 million in debt.
“No reason for a profitable company to trade significantly below its book value,” Zynx wrote.
That $2.36 NAV stems from the firm’s own tracker, revealing enterprise value at 0.81x BTC NAV and letting investors snag Bitcoin at a discount. Unrealized losses on the stash sit around $1.77 billion, purchased at an average $104,000 each for roughly $4.18 billion total. Yahoo Finance numbers indicate MTPLF stock dropped 33% over the past 30 days and 56% from six months prior. Despite this the firm keeps stacking, adding 5,075 BTC in Q1 2026 for $405 million at an average $79,900. posted
Business As Usual 🖤
Stock pain aside, Metaplanet pushes expansion by acquiring Siiibo Securities for 2.1 billion yen, or just over $13 million, set to close by July 13. CEO Simon Gerovich calls it the opening step in “Project Nova,” set to rebrand Siiibo as Metaplanet Securities and roll out Bitcoin yield products for Japanese retail. Households there sit on an estimated $1.7 trillion in low-yield savings, an opening as deflation shifts toward inflation. Investor Adam Livingston called it “a great opportunity for the long haul,” highlighting lower leverage than peers. 💎
Just another echo from the void by iconofsin.eth 💖
