Metaplanet Surpasses Riot Platforms in Bitcoin Holdings, MTPLF Stock Faces Uncertainty

Metaplanet’s significant Bitcoin holdings have reached a new milestone, surpassing even the leading cryptocurrency miners like Riot Platforms. This comes as the company continues its aggressive acquisition strategy for BTC, boosting its portfolio to 20,000 coins valued at over $2.19 billion. However, Metaplanet stock experienced a downturn after losing nearly 5% on Monday, falling below 830 JPY amidst heavy selling pressure in the Bitcoin market. Will this impact the company’s future recovery? Analysts remain uncertain about MTPLF’s future.