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Metaplanet

3350.T

Market valuation vs the Bitcoin it holds

0.79×
as at close
Discount
a 21% discount to Bitcoin NAV

Metaplanet trades at 0.79× its Bitcoin NAV — you pay 79¢ for every $1 of Bitcoin it holds, a 3.40B USD pile.

Live · last updated

BTC held
44,000 BTC
Bitcoin treasury
Bitcoin NAV
3.40B USD
at today's BTC price
Market cap
2.61B USD
Fully diluted
Share price
253 JPY
JPY
Last BTC buy
11.0K BTC
Sep 30, 2026

mNAV over time

Last 12 months · diluted

Today's 0.79× sits in a 52-week range of 0.70× to 1.44×.

mNAV · 52-week range
0.70×–1.44×
0.70×now 0.79×1.44×

About Metaplanet

Metaplanet (3350.T) owns 44,000 BTC. At today's price that Bitcoin is worth 3.40B USD. The market caps the whole company at 2.61B USD — 0.79× its Bitcoin. Put plainly: you pay 79¢ for every $1 of Bitcoin it holds, a 21% discount to simply owning the coins. It bought in at an average of 29.3K USD per coin.

Company facts

Country
Japansource
Headquarters
Tokyo, Japansource
Incorporated
Japan (kabushiki kaisha)source
Business
Bitcoin treasury company (bitcoin-related business; hotel operations)source
Fiscal year end
December 31source
Auditor
Yamabuki Audit Corporation (監査法人やまぶき) (Tokyo)source
Investor relations
IR site ↗source

Each fact links to the filing or official page it was taken from.

Metaplanet (3350.T) mNAV — frequently asked

What is Metaplanet (3350.T)'s mNAV?
Metaplanet's mNAV is currently 0.79×. mNAV divides 3350.T's market capitalisation by the value of the Bitcoin it holds, so 0.79× means the market values the company at 0.79× the worth of its Bitcoin treasury (3.40B USD).
Is Metaplanet (3350.T) overvalued versus its Bitcoin?
At 0.79×, Metaplanet (3350.T) trades at a 21% discount to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 0.70×–1.44×.
How much Bitcoin does Metaplanet (3350.T) hold?
Metaplanet holds 44,000 BTC, worth 3.40B USD at current prices. Its most recent purchase was 11.0K BTC on Sep 30, 2026.

Related datapoints