For the first time, Metaplanet’s valuation measure linked to Bitcoin, known as mNAV, plunged below 1 on October 14, 2025, landing at 0.99. This critical threshold suggests the company’s market value is positioned lower than its Bitcoin holdings.
Source: https://en.bitcoinhaber.net/metaplanet-faces-historic-financial-turning-point-with-bitcoin-valuation-metrics
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