Metaplanet’s Bitcoin-Backed Stock Deemed Undervalued Compared to MicroStrategy
Investor Richard Byworth highlights the significant undervaluation of Metaplanet's stock despite its substantial Bitcoin holdings. Trading at $10.82 per share in the U.S. OTC market (MTPLF), Metaplanet's price-to-net-asset-value multiple stands at over 5x—far higher than MicroStrategy's 1.75x. This discrepancy suggests potential upside for Metaplanet as Bitcoin adoption grows. Short sellers may face increasing pressure as the market reevaluates the stock's true worth in light of its crypto exposure.
Metaplanet Stock Undervalued Despite Bitcoin Holdings, Says Investor Richard Byworth
Metaplanet, Japan's sole significant stock market play on Bitcoin, continues to draw attention as investor Richard Byworth argues it remains undervalued even after a recent surge. Trading at $10.82 per share in its U.S. OTC iteration (MTPLF), the stock commands just over 5 times its net asset value based on bitcoin holdings—a stark contrast to MicroStrategy's 1.75x multiple.
Short sellers face mounting pressure, with nearly 30% of Metaplanet's shares sold short amid rising prices. The disconnect between its Bitcoin-backed valuation and market price presents a compelling narrative for crypto-focused equity investors.
Bitcoin Soars Past $111K as U.S. Traders Take the Lead — But For How Long?
Bitcoin breached a historic threshold, briefly reaching $111,980, fueled by unprecedented institutional demand from U.S. entities. Wall Street giants and crypto-aware policymakers are driving this rally, marking a seismic shift in market dynamics.
On-chain data reveals American institutions now hold more Bitcoin than any other nation. A golden cross pattern on the U.S.-to-Rest Reserve Ratio chart suggests sustained bullish momentum, though global competition with China looms.
Bitcoin Enters Strongest Accumulation Phase Since January as Price Surpasses $110K
Bitcoin has entered its most aggressive accumulation phase since January, with Glassnode's Accumulation Trend Score hitting 1.0—the highest possible reading. This signals broad-based buying across all wallet cohorts as BTC trades above $110,000, marking an 18% monthly gain.
The rally began in early May, spearheaded by whales holding over 10,000 BTC. Smaller investors quickly followed suit, creating a self-reinforcing cycle of demand. Glassnode's metric excludes exchange and miner wallets to isolate organic accumulation trends.
Bitcoin’s Meteoric Rise: Institutional Demand Ignites Record Highs
Bitcoin surged to a record high of $111,970, fueled by robust institutional demand despite U.S. political and economic uncertainties. Spot Bitcoin ETFs have absorbed billions in inflows, with $3.1 billion added in just two weeks, underscoring institutional confidence.
Retail investors remain hesitant, reflecting lingering skepticism. The divergence highlights a market increasingly shaped by professional capital rather than speculative retail participation.
Bitcoin Soars to New Heights with Potential for Further Surges
Bitcoin's price has surged to a record high, with analyst Credible Crypto suggesting the cryptocurrency may be entering the most intense phase of its bull cycle. The monthly Relative Strength Index (RSI) has crossed into overbought territory, signaling sustained buying pressure.
Technical indicators point to a parabolic rise, according to Elliott Wave theory. Market participants are closely watching for signs of continuation in Bitcoin's upward trajectory.
Donald Trump Asserts Crypto Control: Is the US Really on Top?
Donald Trump has doubled down on his claim that the United States dominates the global cryptocurrency and Bitcoin markets. The former president plans to host an exclusive crypto dinner in Virginia, inviting the top 220 holders of the TRUMP meme coin as part of his broader push to solidify the country's leadership in digital assets.
The US currently holds the world's largest national Bitcoin reserve, with over 198,000 BTC in its possession. TRUMP has proposed establishing a Strategic Bitcoin Reserve to prevent future sales of seized coins—a move that could significantly impact market dynamics.
Meanwhile, lawmakers have introduced legislation to prohibit government officials from holding cryptocurrencies during their terms, adding another LAYER to the ongoing regulatory debate.
