Japan’s Metaplanet is implementing a Bitcoin metric, known as “BTC Yield,” pioneered by MicroStrategy to help assess how its Bitcoin purchases affect shareholder value. This metric tracks the percentage change in the ratio of total Bitcoin holdings to fully diluted shares. Metaplanet plans to disclose its BTC Yield alongside its Bitcoin transactions, providing updates on total holdings and Bitcoin per share on a quarterly and yearly basis. The firm recently announced that it increased its BTC Yield from 41.7% to over 116% in just over a month, indicating a nearly threefold increase in its Bitcoin holdings. While this metric offers clarity on the company’s Bitcoin-to-share ratio, Metaplanet warned that it should not be interpreted as a measure of profitability or liquidity. Since adopting this Bitcoin strategy, Metaplanet has spent $53 million on Bitcoin, accumulating 855.478 BTC, despite being well behind MicroStrategy’s substantial holdings. On the market, Metaplanet's stock saw a slight decrease of 1.69% amid a stable rise in Bitcoin prices.

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