Matrixport: The market's implied pricing for the Bitcoin held by Metaplanet is as high as 759,000 per coin, which is seven times higher than the current spot price

ChainCatcher news, Matrixport released today's chart analysis stating, "In Japan, the highest tax rate on Bitcoin can reach 55%, making the tax cost of holding it directly relatively high for individuals. For investors who are subject to regulatory restrictions or cannot self-custody their assets, Metaplanet provides an alternative path to indirectly allocate Bitcoin through stocks. Due to the company's small circulation and strong market speculation, the stock is highly volatile, with an overall trend reminiscent of early MicroStrategy.

Recently, Japan's tax reform has lowered the threshold for companies to hold Bitcoin, and the policy trend is gradually shifting from positioning it as a 'speculative asset' to a 'reserve asset.'

Currently, Metaplanet's market value to net asset value ratio (mNAV) has reached 7.23 times, implying that the market's implied pricing for its held Bitcoin is as high as $759,000 per coin, far exceeding the current spot price by 7 times. Behind the premium, there are both speculative buying and the scarcity of circulation driving it, as well as reflecting the market's expectations for Metaplanet to enhance future Bitcoin valuations through its balance sheet."