Metaplanet Market Value Falls 70%, Now Trading Below Its Bitcoin Reserves – Treasury Bubble Burst?

Metaplanet's enterprise value fell below its 30,823 Bitcoin reserves worth $3.4 billion with mNAV dropping to 0.99 as 26 of 168 public Bitcoin treasury companies now trade at discount while corporate accumulation slowed 95% since July and Strategy's premium collapsed from 3.89x to 1.44x.

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