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Analysis: DATs Keep Buying Bitcoin, Outperforming ETFs Is the Hard Part
15.10.2025
The boom in corporate bitcoin buyers highlights how fast DATs are scaling. But their model is fragile when outperformance depends on premiums, converts, and cheap debt
Metaplanet Trades Below 1x mNAV for First Time Since Starting Bitcoin Treasury Plan
14.10.2025
Falling share prices push bitcoin treasury firms below key valuation threshold
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings
Bitcoin treasury company Metaplanet now valued below BTC holdings
14.10.2025
Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings