Metaplanet’s Bitcoin 'premium’ nears $600k per BTC

Metaplanet’s stockholders are paying a more than fivefold premium on Bitcoin spot prices, as BTC’s soaring valuation discourages direct retail exposure.

Japanese investment firm Metaplanet’s Bitcoin premium is almost $600,000 per coin, as Asia’s leading Bitcoin treasury firm pushes forward with its plan to purchase 21,000 BTC by 2026.

Metaplanet’s stockholders are paying a more than fivefold premium on Bitcoin’s (BTC) price when investing in the Japanese company, according to a report by 10x Research published on May 27, which wrote:

Investors who don’t understand the importance of a firm’s net asset value (NAV) may be “dramatically overpaying for their Bitcoin exposure,” on a position that doesn’t provide additional upside leverage, said the report.

Read more