Metaplanet Stock Sllips Below mNAV 1: What’s Next for Metaplanet Stock?
The post Metaplanet Stock Sllips Below mNAV 1: What’s Next for Metaplanet Stock? appeared on BitcoinEthereumNews.com.
Key Insights: Metaplanet stock has cratered over 70% since June’s peak, erasing its once-hefty “Bitcoin premium” and dragging sector sentiment. Metaplanet just saw its market-to-net asset value (mNAV) dip below 1.0 for the first time. Analysts warn that the mNAV plunge marks a wider shift in investor mindset: instead of rewarding accumulation. Metaplanet has made headlines lately by slipping below a market-to-net asset value (mNAV) of 1.0 for the first time. What does this mean for Metaplanet stock? As of mid-October 2025, the combined value of Metaplanet’s shares is now less than its Bitcoin holdings (30,823 BTC sitting on the balance sheet). For a company long viewed as the “MicroStrategy of Asia,” this is a remarkable inflection point. And it has implications not only for Metaplanet stock but for the entire sector of public companies betting their future on digital gold. The numbers paint a troublesome picture. Back in June, Metaplanet’s shares were trading at a record high of ¥1,926. This reflected both investor optimism around Bitcoin price action and enthusiasm for the firm’s aggressive treasury strategy. Fast-forward to October, and the stock has plummeted by over 70%, changing hands just above ¥550. This drawdown effectively erased the “Bitcoin premium” that once saw the market value of Metaplanet well above its actual BTC reserves. Metaplanet Market Value | Source: Sad Value Investr on X Falling below mNAV 1.0 isn’t just a technical footnote. It means that if Metaplanet liquidated its Bitcoin, the proceeds (after debts and obligations) could mathematically exceed the company’s market capitalization. Investors, once happy to pay above BTC value for treasury growth, are now sending a different message. Multiple factors have converged to drive this realignment. Metaplanet embarked on repeated share sales throughout 2025, raising cash to buy more BTC, but also increasing shares outstanding. Each new…
