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Metaplanet’s Bitcoin ‘premium’ nears $600K per BTC

  • Japanese investment firm Metaplanet's Bitcoin premium has surged to nearly $600,000 per coin, with stockholders paying over five times the actual price for Bitcoin.
  • Metaplanet, Asia's largest corporate Bitcoin holder and the 10th largest globally, aims to acquire 21,000 BTC by 2026.
  • Despite the excessive premium, Bitcoin treasury firms like Metaplanet play a crucial role in Bitcoin's adoption, according to Adam Back, co-founder and CEO of Blockstream.
  • Other Bitcoin treasury firms, such as MicroStrategy, are also trading at significant markups, potentially impacting the NAV per share over time.

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