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Mr Zaib

06/16 14:39

Metaplanet mNAV hits 7.56, showing strong investor

Metaplanet mNAV hits 7.56, showing strong investor confidence in its BTC strategy

Metaplanet has surpassed its 10,000 BTC target for 2025, flipping Coinbase Global’s holdings.

Metaplanet investors have been bullish on the firm’s BTC strategy, as evidenced by the high mNAV premium of 7.56.

Metaplanet has reached its 10,000 Bitcoin [BTC] holdings target for 2025 with its latest purchase. On June 16, Tokyo-based Bitcoin Treasury purchased an additional 1,112 BTC for $117.2 million.

The 10,000 BTC stash cost the firm $947 million and took one year and two months to reach.  The holding is now worth $1.06 billion, representing an unrealized gain of $120 million.1750078218311.png

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