Metaplanet stock price rises amid Bitcoin buying, but risks remain
2025-06-30 08:53:17
Main Idea
Metaplanet's stock price surged due to its Bitcoin purchases, but potential risks remain as its valuation heavily depends on Bitcoin's price performance.
Key Points
1. Metaplanet's stock price rose over 10% on Monday, nearing its all-time high of ¥1,925, with a year-to-date surge of over 460%.
2. The company acquired 1,005 Bitcoin last week for $108.1 million, bringing its total holdings to 86,650 coins worth over $9.9 billion.
3. Metaplanet aims to hold 210,000 Bitcoin by 2027, requiring significant additional purchases to meet this target.
4. Bitcoin Yield, a key metric for similar companies, has risen to 348% this year, reflecting strong performance.
5. The stock's valuation premium (5.1x Bitcoin holdings) is much higher than MicroStrategy's (1.68x), indicating potential overvaluation risks.
Description
Metaplanet stock price has surged this year, making it one of the best performers in the Nikkei 225 Index. It surged by over 10% on Monday, taking it closer to its all-time high of ¥1,925. It has soared by over 460% from its lowest point this year, giving it a market capitalization of over $7 billion. Metaplanet stock jumps amid Bitcoin accumulation In a statement on Monday, Metaplanet said that it continued its Bitcoin accumulation . It bought 1,005 coins last week for $108.1 million, bringing ...
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