[Metaplanet's Market Cap Falls Below Its Bitcoin Reserve Value, mNAV Drops to 0.99] Odaily Planet Daily reports that the corporate market value of Japanese-listed company Metaplanet Inc. has fallen below the value of its Bitcoin reserves. The company shifted to a Bitcoin accumulation strategy in April 2024, once enjoying a significant premium relative to its Bitcoin net asset value. Its stock price hit an all-time high in mid-June this year but has since plummeted by about 70%, causing the company's mNAV to drop to 0.99 on Tuesday.