Bitcoin24h $79,586.10+1.56%

Ethereum24h $2,510.55+1.50%

BNB24h $750.40-0.09%

XRP24h $1.44+2.87%

Solana24h $104.63+1.54%

TRON24h $0.3390+0.06%

Hyperliquid24h $86.89+4.60%

Zcash24h $1,263.38+9.21%

Dogecoin24h $0.0912+2.28%

Monero24h $497.71-2.05%

Metaplanet spent over $45M to lose $1B investing in bitcoin

Metaplanet has spent tens of millions of dollars operating a bitcoin treasury company that has an unrealized loss of more than $1 billion.

Metaplanet deal puts ‘King of Death Spiral Financing’ on both sides

Evo Fund, a Cayman entity that financed Metaplanet’s BTC buying deals in Tokyo, will also hold warrants in its US takeover target.

Metaplanet’s mNAV has crashed 96% since July 24, 2024, and its CEO is reminding investors that at least the company can buyback some stock.

Investors in MetaPlanet are concerned about short-sellers and are blaming banks for an attack that probably never happened.