Japan’s publicly-listed early-stage investment firm Metaplanet is again following in the footsteps of Michael Saylor’s software company MicroStrategy, introducing a metric designed to assess how Bitcoin acquisitions affect shareholder returns.
Previously dubbed "Asia's answer to MicroStrategy," Metaplanet said it would begin employing a metric pioneered by Saylor’s firm known as “BTC Yield,” according to a disclosure on Thursday.
MicroStrategy, the world's largest corporate holder of Bitcoin, pioneered the concept in August, which tracks the percentage change in the ratio between total Bitcoin holdings and fully diluted shares.
Metaplanet Scoops Another $6.5 Million in Bitcoin, Doubling Down on Its October Spree
Metaplanet Inc., the Tokyo-listed firm known for its aggressive foray into Bitcoin (BTC), announced on Friday that it had acquired an additional 108.999 Bitcoin for ¥1 billion (US$6.5 million). Its latest purchase brings the company's total Bitcoin holdings to 748.502 BTC, reinforcing its long-term bet on the leading crypto. Yet, Metaplanet's Bitcoin acquisition strategy goes beyond simple spot purchases. The company employs a sophisticated approach by selling put options alongside its Bitcoin...
The Tokyo-based firm plans to disclose its BTC Yield with its following Bitcoin purchases, providing updates on total holdings, issued shares, and Bitcoin per fully diluted share on a quarter-to-date and year-to-date basis.
The concept aims to provide a more transparent means of gauging whether Bitcoin purchases enhance shareholder value.
In its inaugural disclosure utilizing the metric, the firm revealed it had boosted its BTC Yield from 41.7%, measured between July 1 and September 30, to more than 116% between October 1 and Thursday. In other words, the metric shows that the total amount of Bitcoin it holds nearly tripled compared to its previous quarter’s purchases.
Metaplanet Bitcoin Treasury Reaches $56 Million With Latest BTC Buy
Tokyo-listed Metaplanet Inc. said Tuesday it’s added another $6.8 million Bitcoin to its treasury, bringing its total Bitcoin holdings to $56 million (855.478 BTC). The latest announcement shows it’s continuing its aggressive buying spree that began in April 2024. The company has so far invested roughly $53 million (¥7.965 billion Japanese yen) in the cryptocurrency, with an average purchase price of $61,663 USD per BTC. Metaplanet’s strategy has drawn comparisons to MicroStrategy, which has fam...
While BTC Yield offers a clear view of the company’s Bitcoin-to-share ratio, Metaplanet has cautioned investors that it should not be seen as a measure of profitability or liquidity. The company also noted that the market price of its shares may not always reflect the value of its Bitcoin holdings.
Ever since it unveiled its strategy in April, MetaPlanet has scooped ¥7.965 billion ($53 million) in Bitcoin, with purchases made at an average price of $61,663 per token. Its latest $6.8 million buy brings the company’s total holdings to 855.478 BTC, valued at roughly $56 million.
While a far cry from MicroStrategy’s 252,000 BTC, MetaPlanet is hoping to build upon the momentum it previously set following its buying spree on multiple occasions this month and earlier this year.
Metaplanet's stock is down 1.69% on Thursday, reaching 1,080 JPY or approximately $7.12 USD, according to data from Google Finance. Bitcoin, meanwhile, was up just over half a percentage point on the day to $67,800, CoinGeko data shows.
Edited by Sebastian Sinclair
