Metaplanet Stock Surges 12% as Bitcoin mNAV Hits 1.17, Best Since Crypto Market Downturn

Metaplanet Inc. (Ticker: 3350) experienced a significant 12% surge in its stock price following the announcement that its Bitcoin-adjusted Net Asset Value (mNAV) has climbed to 1.17. This marks the highest level for the mNAV metric since the severe cryptocurrency market crisis. The mNAV calculation incorporates the company's strategic Bitcoin holdings, highlighting a strengthened balance sheet as the value of its crypto assets appreciates. This performance underscores growing investor confidence in Metaplanet's corporate strategy of leveraging Bitcoin as a core treasury reserve asset, positioning the firm favorably amidst ongoing volatility in the digital asset space.