Japanese investment firm Metaplanet’s Bitcoin premium is almost $600,000 per coin, as Asia’s leading Bitcoin treasury firm pushes forward with its plan to purchase 21,000 BTC by 2026.
data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/metaplanet-surpasses-400-m-bitcoin-holdings-28-m” title=”null”>Metaplanet’s stockholders are paying a more than fivefold premium on Bitcoin’s ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” title=”null”>BTC) price when investing in the Japanese company, according to a data-ct-non-breakable=”null” href=”https://update.10xresearch.com/p/metaplanet-is-trading-at-596-154-per-bitcoin-time-to-short-7a18″ title=”null”>report by 10x Research published on May 27, which wrote:
lockquote data-ct-non-breakable=”undefined”>“A little-known Japanese stock trades as if Bitcoin were worth $596,154, more than five times its actual price.” lockquote>
Investors who don’t understand the importance…
