Metaplanet Investors Face Market Reckoning as Bitcoin Plummets

A perfect storm is gathering for Metaplanet shareholders during an unexpected market closure in Tokyo. With trading suspended for the “Labor Thanksgiving Day” holiday, investors find themselves powerless to respond to dramatic cryptocurrency sell-offs that are directly impacting the company’s core assets. The fundamental value drivers behind Metaplanet are rapidly deteriorating, raising critical questions about what awaits the stock when markets reopen on Tuesday.

Metaplanet has inextricably linked its fortunes to Bitcoin’s performance, and that strategic decision is now facing its most severe test. Over the weekend, Bitcoin values collapsed, trading significantly below the company’s average acquisition cost. Reports indicate Metaplanet’s cost basis sits at Read more...