Metaplanet Faces Major Financial Test Amid Bitcoin Holdings

PANews posted on X (formerly Twitter). Metaplanet's Asian division is undergoing a significant financial challenge as it holds 40,177 bitcoins, acquired at a total cost of approximately $4.18 billion. The company is currently facing an unrealized loss of around $490 million. Additionally, its stock price has retreated more than 83.5% from its historical peak, and its market capitalization stands at about $2.8 billion, which is now less than the value of its bitcoin holdings. The question remains whether Metaplanet can withstand this financial pressure.