Odaily Planet Daily reports that the market capitalization of Metaplanet Inc., a Japanese listed company, has fallen below the value of its Bitcoin reserves. The company shifted to a Bitcoin accumulation strategy in April 2024, and at one point, it enjoyed a significant premium to its Bitcoin net asset value. Its stock price hit a record high in mid-June but has since plummeted approximately 70%, causing the company's mNAV to drop to 0.99 on Tuesday.