The stock price has fallen 70% from its historical high, and Japan's "Bitcoin Whale" Metaplanet's market value has fallen below its Bitcoin holdings for the first time
I'm PortAI, I can summarize articles.
Metaplanet's stock price has fallen about 70% from its historical high, and its enterprise value has for the first time dropped below its Bitcoin reserves, reflecting a cooling interest among global investors in digital asset financial companies. The company holds over 30,000 Bitcoins, with a book value of approximately $3.4 billion. Recently, Metaplanet plans to issue preferred shares to support the demand for Bitcoin purchases and raised about $1.4 billion through international equity financing in September. The market's pace of Bitcoin purchases has slowed, leading to price adjustment pressures for several similar companies
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments