Key Insights:
- Metaplanet stock price climbed more than 12% to 471 JPY as mNAV reached 1.17.
- This comes amid Bitcoin rebound and funds raised by the Bitcoin treasury company.
- Metaplanet will issue its MARS Class A preferred shares to buy more Bitcoin.
- BTC price wavers near $92k ahead of interest rate decision by the US FOMC.
Metaplanet, Asia’s largest Bitcoin treasury firm, saw its stock price skyrocket more than 12% on Wednesday. It happens as the ratio of its enterprise value to the value of its Bitcoin holdings (mNAV) continues to rise.
The latest raise of funds and Bitcoin acquisition plans revealed by the firm have led to a spike in mNAV. Bitcoin price’s rebound above $94K also supported the massive jump in MTPLF stock.
According to Metaplanet dashboard data, the Bitcoin treasury firm’s enterprise value has increased beyond the value of its Bitcoin holdings (Bitcoin NAV).
The mNAV has climbed to 1.17, the highest since the October 10 crypto market crash. At the time of writing, the enterprise value stands at $3.33 billion.
This comes as the firm borrowed $50 million and $130 million against its Bitcoin holdings. Metaplanet plans additional BTC purchases and general corporate purposes.
On Monday, CEO Simon Gerovich revealed that Metaplanet will issue its MARS Class A preferred shares like Strategy’s STRC to buy more Bitcoin. These provide investors with low volatility dividend income.
The company plans to begin its Bitcoin accumulation strategy to reach 100,000 BTC in total holdings as part of its 2026 Bitcoin acquisition target.
The company has total Bitcoin holdings of 30,823 BTC, valued at over $2.82 billion at the time of writing. Moreover, the firm has achieved a yield of 496.4% year-to-date 2025 through an aggressive Bitcoin accumulation strategy.
Metaplanet stock price closed 12.14% higher at 471 JPY on Wednesday. The 24-hour low and high were 426 JPY and 481 JPY, respectively.
The stock has rallied more than 20% in the last few days. This has sparked speculation among shareholders and the crypto community over a possible recovery.
After the recent upside momentum amid the Bitcoin MENA conference, the monthly stock return has increased to nearly 11%.
Meanwhile, MTPLF stock closed 9.19% higher at $2.97 on Tuesday. The stock has also rebounded by more than 18% over the past week.
The 24-hour low and high were $2.97 and $3.01, respectively. However, trading volume on the US-listed MTPLF stock remains lower.
Bitcoin Price Holds Near $92K Ahead of Fed Rate Cut
Amid the new update on the Metaplanet stock, Bitcoin (BTC) price was trading near $92K. However, it has pared recent gains amid the US FOMC meeting jitters.
The 24-hour low and high were $91,815 and $94,601, respectively. Furthermore, trading volume has increased by 21% over the last 24 hours amid the ongoing volatility in the crypto market.
The derivatives market showed mixed sentiment over the last few hours, according to CoinGlass data. At the time of writing, the total BTC futures open interest dropped 0.33% to $58.84 billion in the last 4 hours.
The 24-hour BTC futures open interest was up more than 0.92%. Notably, the 4-hour futures open interest on CME fell by 0.63% and nearly 1.25% on Binance.
Source: https://www.thecoinrepublic.com/2025/12/10/metaplanet-stock-soars-over-12-as-enterprise-value-exceeds-bitcoin-nav/
