Metaplanet Stock Down 88% in a Year While BTC Holdings Grow
Analysts argue that investors are effectively buying the company’s Bitcoin holdings at a discount to their estimated value. Metaplanet shares on the OTC market closed at about $1.29 on June 25, extending a year-long drop that has taken the stock down 88%, while the company’s Bitcoin holdings have risen to over 40,000 BTC. The numbers…