Metaplanet Follows MicroStrategy’s Bitcoin Strategy with New BTC Yield Metric

• Metaplanet adopts BTC Yield to assess Bitcoin strategy, following MicroStrategy’s lead in Bitcoin-focused investment transparency.
• The BTC Yield metric, reporting 116.4% yield in October, reflects Metaplanet’s strong BTC acquisition growth over recent months.
• With 861.39 BTC in reserves, valued at $59.04 million, Metaplanet gains traction as “Asia’s MicroStrategy” in the cryptocurrency market.

Metaplanet, a Japanese investment firm, recently unveiled “BTC Yield” as a new key performance indicator (KPI) to measure the performance of its Bitcoin acquisition strategy. Modeled after MicroStrategy’s approach, BTC Yield calculates the period-over-period percentage change between Metaplanet’s Bitcoin holdings and its fully diluted shares outstanding. This innovative metric allows shareholders to see how effectively the company is using its capital to grow its Bitcoin reserves.

BTC Holdings and Share Distribution

The metric accounts for Metaplanet’s Bitcoin reserves, which represent the firm’s accumulating BTC assets, and the fully diluted shares, which include both issued and additional shares over time. This methodology provides investors with a clear picture of how Metaplanet’s Bitcoin strategy impacts share value.

Inspiration from MicroStrategy’s Strategy

MicroStrategy, a U.S.-based company and the largest corporate holder of Bitcoin pioneered BTC Yield as part of its successful Bitcoin acquisition strategy. By adopting BTC Yield, Metaplanet aims to provide similar transparency to its investors, showcasing the effectiveness of its Bitcoin purchases as a long-term investment tool.

In an Oct. 25 notice, Metaplanet emphasized the utility of BTC Yield in aligning Bitcoin investments with shareholder interests. The notice stated, “The company uses BTC Yield as a KPI to assess the performance of its strategy of acquiring Bitcoin in a manner that is accretive to shareholders.”

BTC Yield’s Recent Performance

The BTC Yield results highlight significant growth in Metaplanet’s Bitcoin holdings, with a reported 41.7% yield for the period from July 1 to Sept. 30, 2024. For the current period ending Oct. 25, the company’s BTC Yield rose sharply to 116.4%. According to the notice, this metric will be included in all Bitcoin purchase announcements to keep investors well-informed of the strategy’s impact on their shares.

Metaplanet CEO Simon Gerovich shared the company’s recent progress via an X post. He explained that BTC Yield allows Metaplanet to track and demonstrate the benefits of its Bitcoin acquisition strategy. Gerovich pointed out that the strong October BTC Yield percentage reflects robust growth in Metaplanet’s holdings, positioning it well in the global cryptocurrency landscape.

Gerovich added, “This KPI, pioneered by MicroStrategy, will help investors better understand how Metaplanet’s approach to acquiring Bitcoin using equity capital is accretive to shareholders.”

Metaplanet’s Bitcoin Holdings and Growth

As of Oct. 16, Metaplanet’s total Bitcoin holdings stood at 861.39 BTC, valued at $59.04 million based on current market prices. With Bitcoin now trading at $67,385, Metaplanet’s investment strategy shows promise, boosting its reputation as “Asia’s MicroStrategy” due to its commitment to BTC. This journey started in May 2024, as Metaplanet sought innovative ways to address Japan’s economic uncertainties, with Bitcoin acquisition as a primary solution.