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Metaplanet stock hits 52-week low despite 40,177 BTC treasury – TON BOT

Metaplanet stock hits 52-week low despite 40,177 BTC treasury

Metaplanet saw a sharp decline in its stock price on June 26, reaching a new 52-week low of ¥195. Despite this, the company still holds a significant amount of Bitcoin. The stock’s value is being affected by factors beyond its Bitcoin holdings, such as dilution and market sentiment. CEO Simon Gerovich has mentioned the possibility of stock buybacks if the stock continues to trade below its asset value. In addition to Bitcoin accumulation, Metaplanet is expanding into the securities market through the acquisition of Siiibo Securities. They plan to launch Bitcoin-linked investment products and yield-focused offerings.


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