Metaplanet Stock Down 88% in a Year While BTC Holdings Grow
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Metaplanet's OTC shares closed at about $1.29 on June 25 after a year-long decline that has wiped out 88% of the stock's value. The company’s Bitcoin holdings have risen to over 40,000 BTC, and an analyst says the market is pricing the firm well below its intrinsic value. The juxtaposition of steep share decline and large crypto holdings highlights valuation risk and potential upside for investors focused on crypto, Bitcoin and OTC-listed assets.
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Metaplanet shares on the OTC market closed at about $1.29 on June 25, extending a year-long drop that has taken the stock down 88%, while the company’s Bitcoin holdings have risen to over 40,000 BTC.
The numbers have drawn the attention of one analyst who argues that the market is pricing the stock well below what the company is actually worth.
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