Matrixport: The market's implied pricing for the Bitcoin held by Metaplanet has reached $759,000 each, far exceeding the current spot price by 7 times.

According to Coin World news, Matrixport released today's chart analysis stating that 'In Japan, the highest tax rate on Bitcoin can reach 55%, resulting in relatively high tax costs for individuals holding it directly. For investors subject to regulatory restrictions or unable to self-custody their assets, Metaplanet offers an alternative path to indirectly allocate Bitcoin through stocks. Due to the company's small circulating supply and intense market speculation, the stock is highly volatile, and its overall trend is quite similar to the early days of 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 net asset value ratio (mNAV) has reached 7.23 times, indicating that the market's implied pricing for its held Bitcoin is as high as $759,000 each, far exceeding the current spot price by 7 times. Behind this premium are both speculative buying and the scarcity of circulating supply, as well as the market's expectations of Metaplanet enhancing future Bitcoin valuations through its balance sheet.'