Metaplanet's Valuation Plummets Below Bitcoin Holdings Amid Market Volatility

Metaplanet, a Bitcoin treasury firm, has experienced a significant decline in its valuation, now worth less than the 30,823 BTC it holds. This marks the first time its share prices have dropped below the crucial 1x mNAV threshold since launching its treasury plan. The company has paused Bitcoin purchases for two weeks, raising concerns about its financial stability and the sustainability of its investment strategies in the volatile cryptocurrency market.