Metaplanet’s Bitcoin ‘premium’ nears $600K per BTC
Metaplanet’s stockholders are paying a more than fivefold premium on Bitcoin spot prices, as BTC’s soaring valuation discourages direct retail exposure.
Japanese investment firm Metaplanet’s Bitcoin premium has reached almost $600,000 per coin, as Asia’s leading Bitcoin treasury firm pushes forward with its plan to purchase 21,000 BTC by 2026.
Metaplanet’s stockholders are paying more than a fivefold premium on Bitcoin (BTC) when investing in the Japanese company, according to a report by 10x Research published on May 27.
“A little-known Japanese stock trades as if Bitcoin were worth $596,154, more than five times its actual price,” the report states.
