Metaplanet is taking its bitcoin treasury play to the U.S. The Tokyo-based company announced today the launch of a U.S. bitcoin treasury company, a deal valued at $135 million. Metaplanet will contribute 2,100 bitcoin and $2.5 million in cash, with the initial investment pegged at $134.6 million.
A nanocap deal
The transaction is being called a nanocap deal, a label that applies to very small public companies. With a $135 million valuation, the new entity sits well below the microcap threshold. That puts it in a category where liquidity is often thin and investor attention is limited. Nanocap stocks are a niche corner of the market. They're often ignored by large funds, and trading can be sporadic. But
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