Metaplanet to Use Net Interest Income for Bitcoin Purchases
- —Metaplanet may allocate 10–15% of assets to strategic investments, including M&A
- —Bitcoin still accounts for 85–90% of the company's asset base
- —Metaplanet's mNAV fell to 0.80, meaning investors pay 80 cents per $1 in BTC
- —Shares rose 5.6% over five sessions but are down 26% year-to-date
Why it matters: Metaplanet is seeking new funding sources for BTC purchases amid shareholder criticism and a discount to the value of its reserves.
Source: CryptoHamster