According to Compounding Quality, the fundamental determinant of stock values is corporate earnings, with investor returns equating to earnings growth plus shareholder yield (from dividends and buybacks), adjusted for multiple expansion or contraction (source: Compounding Quality, Twitter, May 15, 2025). For traders in both stocks and cryptocurrencies, this highlights the importance of monitoring earnings reports, dividend announcements, and buyback programs, as these factors often influence broader market sentiment and can trigger capital flows between equities and digital assets, impacting crypto price trends and volatility.

According to BitMEX Research, Metaplanet (3350 JP) has declined by 54% from its peak, yet it continues to trade at a significant premium compared to its Bitcoin holdings. This discrepancy raises questions about when the stock will align with its net asset value (NAV), highlighting a persistent premium that is not justified by the underlying assets. Traders should consider the potential for further adjustments in stock value based on these NAV dynamics.