币界网报道:According to the news from Bijie.com, Matrixport released today's chart analysis, saying, "In Japan, the highest tax rate for Bitcoin can reach 55%, making the tax cost of direct personal holding relatively high. For investors who are subject to regulatory restrictions or cannot custody their assets themselves, Metaplanet provides an alternative path to indirectly allocate Bitcoin through stocks. Due to the small circulation of the company and the strong speculative sentiment in the market, the stock fluctuates violently, and the overall trend is quite similar to that of MicroStrategy in its early days. Recently, Japan's tax reform has lowered the threshold for companies to hold Bitcoin, and the policy trend is gradually shifting from "speculative assets" to "reserve assets". At present, Metaplanet's market value to net value ratio (mNAV) has reached 7.23 times, which means that the market's implied pricing of its Bitcoin holdings is as high as US$759,000 per coin, which is much higher than 7 times the current spot price. Behind the premium, there are both speculative buying and scarce circulation, and it also reflects the market's expectation that Metaplanet will increase the valuation of Bitcoin in the future through its balance sheet."