Japan’s Metaplanet, the Tokyo-based early-stage investment firm, just went crypto-native with its new “BTC Yield” metric, echoing Saylor’s MicroStrategy. This metric, first unleashed by MicroStrategy in August, tracks the percentage change between Bitcoin holdings and the firm’s fully diluted shares. For Metaplanet, this move’s all about showing shareholders how BTC stacking translates to potential returns. But don’t get it twisted — BTC Yield ain’t about profitability or liquidity; it’s a tracker for the Bitcoin zealots watching Metaplanet’s crypto maneuvers.
Deemed “Asia’s answer to MicroStrategy,” Metaplanet’s been busy scooping Bitcoin, announcing its BTC Yield measure alongside recent buys. With each stash addition, the firm pledges quarter-to-date and year-to-date updates on its BTC holdings and Bitcoin-per-share ratios, aiming for that extra transparency. For holders, BTC Yield opens a peek at whether this Bitcoin accumulation binge is actually stacking any real value.
Metaplanet Boosts BTC Yield by Over 116%, Doubles Down on Crypto
In its BTC Yield debut, Metaplanet claimed a stratospheric rise, pumping its BTC-to-share ratio to a 116% increase from October 1 to now. This hike almost tripled from the previous quarter’s 41.7%, recorded between July and September. This rising BTC Yield metric means Metaplanet’s crypto stockpile is swelling at a meteoric clip. Since rolling out this BTC strategy back in April, the Tokyo firm has amassed over ¥7.965 billion ($53 million) in Bitcoin, with an average entry of $61,663 per BTC. Its latest acquisition, another $6.8 million BTC chunk, brings Metaplanet’s holdings to 855.478 BTC, translating to a rough $56 million.
While MicroStrategy’s 252,000 BTC mountain may dwarf Metaplanet’s, the Tokyo firm has carved its own place in the BTC investment club. Still, Metaplanet’s no stranger to caution, stating that BTC Yield doesn’t tie directly to profits — it’s just an indicator for those bullish on BTC exposure.
Stock Price Dips Despite BTC Fervor, Skeptics Watch Closely
Even with the BTC Yield metric taking off, Metaplanet’s share price didn’t quite vibe with the crypto upswing. Shares dipped 1.69% to 1,080 JPY (around $7.12 USD) on Thursday, per Google Finance. Meanwhile, Bitcoin nudged up a bit, trading at $67,800, according to CoinGecko. Metaplanet sees the BTC yield metric as a way to level up transparency, signaling to Asia’s BTC-savvy investors that it’s a serious player in the crypto game. For the firm, it’s all about staying bold with Bitcoin, betting the metric will bridge that gap between hodlers and trad-fi skeptics waiting on the sidelines.
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