Metaplanet stock has rallied another 15%, hitting 1,116 JPY levels on the Tokyo Stock Exchange, while extending its monthly gains to more than 224%. This mega rally caught investors’ attention as the stock price is now trading at a 447% premium to Bitcoin, as if each BTC was worth $596,154 i.e. more than five times its actual price. Analysts at 10x Research have flashed warning signs in this valuation gap. Is Metaplanet Stock A Risk Bet From Here? Although the Bitcoin price has added $15,000, gaining over 16% over the past month, the Japanese stock has witnessed a mega rally, gaining 224% during the same period. Analysts at 10x research noted that the Metaplanet stock were trading as if Bitcoin were valued at $596,154, nearly 5x of its current pricing. Thus, the stock price is trading at a massive 447% premium to BTC. Analysts have observed a concerning Net Asset… Read More at Coingape.com
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