Metaplanet Valuation Falls Below Bitcoin Assets Post Stock Slide

Metaplanet's valuation has dropped below its Bitcoin holdings due to a 70% decline in its stock, marking a significant financial shift as of October 2025.

This trend highlights corporate cryptocurrency strategy vulnerability, potentially influencing broader market dynamics and investor confidence amidst similar declines among peers.

Metaplanet’s market valuation has dropped below its Bitcoin reserves following a 70% decline in stock prices since June 2025. This marks the first occasion since its Bitcoin pivot in 2024 that the mNAV ratio fell below 1. The drop occurred after a $1.4B equity offer and a notable Bitcoin purchase. Metaplanet suspended further stock rights as part of its increased Bitcoin holdings strategy, aiming to consolidate its Bitcoin-centric approach.

This stock decline has resulted in Metaplanet’s market cap falling below the value of its Bitcoin reserves, marking a pivotal shift in corporate valuation strategies. Market sentiment appears cautious amid this newfound alignment. Financial indicators, such as technical signals and indicators, highlight investor pessimism. The mNAV hitting 0.99 reveals potential challenges in sustaining the previous Bitcoin premium observed.

“Market Valuation: Metaplanet's valuation has dropped below its Bitcoin reserves for the first time since its 2024 pivot to Bitcoin-centric strategy. This reduction marks a significant moment since the company's stock has plummeted about 70% since June 2025.”

Potential implications for Metaplanet include increased scrutiny from financial analysts keen on treasury management. The stock drop highlights potential investor sentiment shifts and asset revaluation.

Historical trends reflect similar situations influencing other corporate Bitcoin holders, such as MicroStrategy’s recent performance. This ongoing scenario signals possible technical or regulatory consequences as businesses reevaluate their digital asset strategies.