Key Insights:
- Bitcoin treasury firm Metaplanet mNAV bounces back to 1x.
- Metaplanet stock jumped 15% in a week.
- MTPLF stock saw a weekly rebound of over 10%.
- Bitcoin price holds above $91K amid buying activity in spot and derivatives markets.
Japan-based Bitcoin treasury firm Metaplanet’s key indicator of its Bitcoin accumulation strategy has finally reclaimed 1x. This comes amid several positive developments, including BTC price recovery.
Metaplanet stock climbed 2.56% further on Friday, extending the weekly run to over 15%. Will the stock price recovery continue in the coming weeks?
According to Metaplanet dashboard data, the Bitcoin treasury firm’s enterprise value has increased to a level in line with its Bitcoin holdings. As a result, the firm’s mNAV has rebounded to 1x.
This comes as the firm borrowed another $130 million against its Bitcoin holdings. Metaplanet plans additional BTC purchases, income-generation activities, and potential share buybacks with the loan.
After the 10/10 crypto market crash, the company’s mNAV dropped below 0.95. Institutional and retail investors opened shorts on Metaplanet stock amid concerns about its Bitcoin treasury strategy.
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.
The Metaplanet stock price closed 2.56% higher at 400 JPY on Friday. The 24-hour low and high were 398 JPY and 432 JPY, respectively.
The stock has rallied more than 15% in a week due to the $130 million loan. The recovery sparked speculation among shareholders and the crypto community.
This week’s Metaplanet stock performance marked a significant respite from the recent downturn. The stock is still down 19% in a month.
Meanwhile, MTPLF stock closed 4.89% higher at $2.42 on Wednesday. The stock has also rebounded by more than 10% over the past week.
The 24-hour low and high were $2.30 and $2.44, respectively. The rebound comes amid lower trading volume.
Bitcoin Price Holds Above $91K
Amid the new update on the Metaplanet stock, Bitcoin (BTC) price was trading sideways over the past 24 hours due to crypto options expiry. At the time of writing, the price of Bitcoin was trading at $91,273.
The 24-hour low and high were $90,471 and $91,829, respectively. Furthermore, the trading volume decreased by 31% over the last 24 hours amid the ongoing volatile scenario in the 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 jumped 0.26% to $60.16 billion in the last 4 hours.
The 24-hour BTC futures open interest was down more than 0.50%. Notably, the 4-hour futures open interest on CME fell by 0.24% and jumped by 0.25% on Binance.