Metaplanet Stock Jumps 12% as mNAV Climbs to 1.17, Highest Level Since Crypto Crisis

Metaplanet’s multiple to net asset value (mNAV) has risen to 1.17, its highest level since before the liquidation crypto crisis that began on Oct. 10, according to the company's dashboard. The mNAV model measures a company’s valuation by comparing its bitcoin holdings with its enterprise value. Metaplanet currently holds 30,823 BTC valued at about $2.86 billion, making it the fourth largest publicly traded company holding bitcoin. These holdings sit against an enterprise value of roughly $3.33 billion, r ...