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.The post Metaplanet Market Value Falls 70%, Now Trading Below Its Bitcoin Reserves - Treasury Bubble Burst? appeared first on Cryptonews.