According to Crypto Rover, Trump-backed American Bitcoin has officially gone public through a merger with Gryphon, marking a significant development for crypto-related equities and the broader Bitcoin ecosystem (source: Crypto Rover, May 12, 2025). This public listing is expected to boost investor confidence in U.S.-based Bitcoin operations, potentially increasing liquidity and attracting institutional interest in crypto mining stocks. Traders should watch for volatility in related equities and monitor sector ETFs for increased volume as traditional finance gains new exposure to Bitcoin through this high-profile merger.

According to Adam Back (@adam3us), Metaplanet is covering its mNAV 3.8 times faster than MicroStrategy (MSTR), achieving 8.3x mNAV compared to MSTR's 2.16x over a similar period (source: Twitter). This rapid pace of net asset value growth suggests that Metaplanet's Bitcoin exposure could drive significant stock price appreciation, potentially normalizing around ¥1340 per share if current growth rates persist. Traders should monitor Metaplanet as a high-velocity proxy for Bitcoin performance, with implications for crypto-focused equity strategies (source: Adam Back, Twitter, May 10, 2025).