Jul. 10 at 5:21 AM
I still think Metaplanet is the most undervalued stock in the world right now.
It is essentially an amplified JPY carry trade. Short a terminally indebted currency and long absolute scarcity in
$BTC.X
Something big is coming over the next few months.
It's important to understand that a bet on Metaplanet is first a bet on Bitcoin itself winning.
They are the 3rd largest public company holder of Bitcoin in the world with 43,000 BTC on the balance sheet.
I think the value here is deep and have allocated accordingly.
Bullish on
$MTPLF and
$MPJPY