Key Insights
- •Bitcoin treasury firm Metaplanet's Net Asset Value (mNAV) has returned to 1x.
- •Metaplanet's stock experienced a 15% increase over the past week.
- •MTPLF stock also saw a weekly rebound exceeding 10%.
- •The Bitcoin price is holding above $91,000, supported by activity in spot and derivatives markets.
Metaplanet, a Japan-based Bitcoin treasury firm, has seen its primary indicator for Bitcoin accumulation strategy, the mNAV, return to 1x. This positive development coincides with a recovery in the Bitcoin price.
Metaplanet's stock price further climbed 2.56% on Friday, extending its weekly gains to over 15%. This performance has raised questions about the sustainability of the stock price recovery in the coming weeks.
Metaplanet mNAV Rises to 1 Amid Bitcoin Price Rebound
According to data from the Metaplanet dashboard, the Bitcoin treasury firm's enterprise value has now reached a level consistent with its Bitcoin holdings, bringing its mNAV back to 1x.
This rebound follows the firm's recent action of borrowing an additional $130 million against its Bitcoin holdings. Metaplanet intends to utilize this loan for further Bitcoin purchases, income-generating initiatives, and potential share buybacks.
Following a significant market downturn on October 10th, the company's mNAV had fallen below 0.95. Concerns regarding its Bitcoin treasury strategy led institutional and retail investors to initiate short positions on Metaplanet stock.
The company currently holds a total of 30,823 BTC, with a valuation exceeding $2.82 billion at the time of this report. Furthermore, Metaplanet has achieved a year-to-date yield of 496.4% in 2025 through its aggressive Bitcoin accumulation strategy.
Metaplanet and MTPLF Stock Rally
On Friday, the Metaplanet stock price concluded the trading session 2.56% higher, closing at 400 JPY. The stock experienced a 24-hour low of 398 JPY and a high of 432 JPY.
The stock has surged by over 15% within the last week, a movement attributed to the recent $130 million loan. This recovery has fueled speculation among shareholders and the wider cryptocurrency community.
This week's performance for Metaplanet stock represents a notable recovery from its recent downturn. However, the stock remains down 19% over the past month.
In parallel, MTPLF stock closed at $2.42 on Wednesday, marking a 4.89% increase. The stock has also experienced a rebound of more than 10% over the past week.
The 24-hour trading range for MTPLF stock was between $2.30 and $2.44. This rebound has occurred amidst a decrease in trading volume.
Bitcoin Price Holds Above $91K
In conjunction with the latest developments concerning Metaplanet stock, the price of Bitcoin (BTC) has been trading sideways over the last 24 hours, influenced by crypto options expiry. At the time of this report, Bitcoin was priced at $91,273.
The 24-hour trading range for Bitcoin was between $90,471 and $91,829. Trading volume has decreased by 31% in the past 24 hours, reflecting the ongoing volatility in the market.
Data from CoinGlass indicates mixed sentiment in the derivatives market over the past few hours. Currently, the total BTC futures open interest has risen by 0.26% to $60.16 billion in the last 4 hours.
The 24-hour BTC futures open interest has declined by over 0.50%. Specifically, the 4-hour futures open interest on CME has decreased by 0.24%, while it has increased by 0.25% on Binance.