Metaplanet’s Market Value Dips Below Bitcoin Holdings

The market value of Metaplanet Inc., a Tokyo-based investment firm, has fallen below its Bitcoin holdings, signaling a shift in investor sentiment towards digital-asset treasury firms. Once considered a high-growth crypto stock, Metaplanet shares have dropped roughly 70% since their peak in June, reflecting the cooling enthusiasm for companies holding large amounts of cryptocurrency. This trend reflects broader nervousness within the volatile crypto market.