• Earlier in October, Bitplanet, a South Korean public company with direct involvement from Metaplanet CEO Simon Gerovich and Sora Ventures, announced it had purchased 93 BTC and launched an ongoing Bitcoin accumulation program aiming for 10,000 BTC under the country’s new regulatory framework.

• This marks the first time a public Korean company has executed a major Bitcoin treasury strategy through regulated infrastructure, with Metaplanet’s leadership playing a pivotal role in the initiative.

• We’ll explore how Metaplanet’s executive leadership in Bitplanet’s digital asset push could reshape the company’s investment narrative.

Find companies with promising cash flow potential yet trading below their fair value.

Anyone looking at Metaplanet today has to buy into a big-picture thesis: the company is betting heavily on Bitcoin, both as a core treasury asset and as a driver of growth, navigating new businesses in Japan and internationally. The recent news of Bitplanet’s regulated Bitcoin accumulation program, with Metaplanet’s CEO directly involved, is significant because it signals a maturing, possibly more sustainable approach to digital assets within corporate treasuries. This could sharpen Metaplanet’s profile as an innovator, but it also adds a fresh layer of volatility and regulatory uncertainty, especially given the company’s still-new management and board. The short-term catalysts, impressive revenue and earnings growth, index inclusions, expansion in Bitcoin infrastructure, could benefit from the validation provided by Bitplanet’s move. However, the biggest risk remains: rapid business model pivots and large-scale Bitcoin exposure can amplify swings in valuation and financial health, a risk heightened by recent price moves and ongoing shareholder dilution. Overall, while Bitplanet’s announcement could provide momentum, it also magnifies existing uncertainties.

But significant board turnover and inexperienced leadership raise new questions investors should not ignore. Metaplanet’s shares are on the way up, but could they be overextended? Uncover how much higher they are than fair value.

Six members of the Simply Wall St Community set their fair values for Metaplanet anywhere from ¥2 up to a high of ¥1,927, with most clustered below ¥600. Given how much of Metaplanet’s future could now hinge on its growing Bitcoin focus, it’s clear market participants continue to debate the company’s risk profile and upside potential. Look further to see what drives these contrasting views.