# Title: Metaplanet Stock Plunges 12% as Enterprise Value Dips Below Bitcoin Holdings
## Introduction
Metaplanet, Asia’s leading corporate Bitcoin holder, saw its stock value decline significantly, dropping 12% in response to the recent cryptocurrency market turmoil. This marked the first time their enterprise value fell beneath their total Bitcoin holdings.
## Metaplanet Stock Plummet and Bitcoin Incorporated Value
### Metaplanet Stock Decline
On a turbulent Tuesday, Metaplanet’s stock took a nosedive of 12%, resulting in its closure at 482 JPY on October 14. Investors closely observed this sharp decline in the company’s valuation.
### Bitcoin Holdings Surpass Enterprise Value
The downfall in Metaplanet’s stock value was compounded by the fact that its enterprise value dipped below its total Bitcoin holdings, accentuating the impact of the recent crypto market crash which saw Bitcoin prices plummet below $110,000.
## Conclusion
Metaplanet’s stock crash and the subsequent dip below its Bitcoin holdings highlight the challenges faced by major corporate players in the volatile cryptocurrency market. It serves as a reminder of the interconnectedness of traditional markets with the digital asset sphere, prompting a reevaluation of investment strategies.