Metaplanet Hits 3-Month High as MSCI Clears Bitcoin Treasury Stocks for Global Indexes
Metaplanet shares hit a 3-month high after MSCI decided not to exclude Bitcoin treasury companies from global indexes. mNAV rose to 1.25 amid renewed market optimism.
The 'exclusion anxiety' haunting Bitcoin treasury companies has finally evaporated. MSCI, the global index provider, decided not to remove digital asset treasury firms from its benchmarks, sending Metaplanet shares to their highest valuation relative to holdings in three months.
Metaplanet mNAV Spikes Following MSCI Index Decision
According to reports from CoinDesk, Tokyo-listed Metaplanet (3350) saw its stock rise 4% to close at 531 yen ($3.4) on Wednesday. This rally pushed the company's multiple to net asset value (mNAV) to approximately 1.25. It's the highest level seen since before the liquidity crisis in October, signaling that investors are once again willing to pay a premium for corporate Bitcoin exposure.
- Metaplanet currently holds 35,102 BTC, making it the world's fourth-largest public Bitcoin treasury.
- U.S. peer MicroStrategy (MSTR) jumped nearly 6% in pre-market trading, reflecting broad market relief.
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