Avatar
FLASH 2mo ago 💬 10

⚡️🇯🇵 NEW - Japan-listed Metaplanet Inc. has seen its enterprise value fall below the value of its Bitcoin reserves.

After reaching an all-time high in mid-June, the company's stock has since fallen by about 70%.

Metaplanet currently holds more than 30,000 BTC, worth approximately $3.4 billion.

Reply to this note

Please Login to reply.

Discussion

Avatar
casey 2mo ago

Here we go! Burn it down 🔥

Avatar
whit 2mo ago

Indeed

Avatar
NetSavior 2mo ago

Capital B in Europe is falling down too

Avatar
Beerborn 2mo ago

They can always rebrand to Capital L

Avatar
Eluc 2mo ago

It's so ridiculus. I guess it's temporary and will come back above the BTC value soon but theoritically it means the company without the BTC are negative, so they would be bankrup.

Avatar
germ 2mo ago

What did they do before they became a btc holding company?

Avatar
Nick 2mo ago 💬 1

They’re in the hospitality industry, operating various hotels in Japan

Avatar
germ 2mo ago

Stacking real estate before they got to sats? Must have rebranded too I assume. Thanks for the info friend.

Avatar
FLASH 2mo ago 💬 2

⚡️🇯🇵 NEW - Metaplanet’s mNAV drops below 1 for the first time.

The company’s enterprise value is now less than the value of its Bitcoin holdings.

nostr:nevent1qqs0mmhlf43nlcrpcauxgcr7jd9pj0a5pjgaqf80yhwxkgg9ck9vptspzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgw228q6

Avatar
Jamie 2mo ago

Leverage is a risky game to play 🥹