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Stock impact report

Metaplanet Market Value Falls 70%, Now Trading Below Its Bitcoin Reserves – Treasury Bubble Burst? [Yahoo! Finance]

Kindly MD, Inc. (NAKA) 
Company Research Source: Yahoo! Finance
the Tokyo-listed company's mNAV (the ratio of its market capitalization and debt to its token holdings) falling to 0.99 on Tuesday, according to Bloomberg. The firm, as of Oct 14, now holds 30,823 Bitcoin worth approximately $3.4 billion, yet trades for less than the value of its crypto assets. Notably, this growing financial imbalance facing Metaplanet is happening to the majority of digital asset treasury companies worldwide. From All-Time Highs to Trading at Discount Metaplanet's shares reached an all-time high in mid-June but have since declined by about 70%, making the company the first major Bitcoin treasury firm to consistently trade below its holdings. Source: Google Finance At the time of publication, the share is trading at 482 Yen ($3.21), down 12.36% today. According to Bloomberg, Mark Chadwick, a Japan equity analyst who publishes research on Smartkarma, described the decline as “ a popping of a bubble .” Chadwick believes that the “ general euphoria ” sur Show less Read more
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