Japanese firm Metaplanet is currently valued at an astounding $596,154 per Bitcoin based on its stock price, raising alarms about a retail investor bubble. The company's aggressive Bitcoin accumulation, holding over 7,800 BTC worth more than $850 million, has driven its stock price up by over 400% in six months despite heavy short-selling from hedge funds. With rising retail demand driven by Japan’s tax-free NISA investment scheme, experts warn investors about paying excessive premiums for Bitcoin exposure through Metaplanet shares.
Continue to read Metaplanet's Sky-High Bitcoin Valuation Sparks Concerns Over Retail Investor Bubble
Japanese firm Metaplanet is currently valued at an astounding $596,154 per Bitcoin based on its stock price, raising alarms about a retail investor bubble. The company's aggressive Bitcoin accumulation, holding over 7,800 BTC worth more than $850 million, has driven its stock price up by over 400% in six months despite heavy short-selling from hedge funds. With rising retail demand driven by Japan’s tax-free NISA investment scheme, experts warn investors about paying excessive premiums for Bitcoin exposure through Metaplanet shares.
Continue to read Metaplanet's Sky-High Bitcoin Valuation Sparks Concerns Over Retail Investor Bubble
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