Metaplanet Adopts MicroStrategy’s Bitcoin Metric to Boost Shareholder Transparency
Metaplanet, a Tokyo-listed investment firm, has adopted a Bitcoin metric called 'BTC Yield' pioneered by MicroStrategy to assess how its Bitcoin acquisitions impact shareholder value. This metric tracks the percentage change in the ratio of total Bitcoin holdings to fully diluted shares. In its recent financial updates, Metaplanet reported an increase in its BTC Yield from 41.7% to over 116% in just a few weeks, indicating substantial growth in its Bitcoin holdings. The firm acquired an additional 108.999 BTC for approximately $6.5 million, raising its total Bitcoin holding to 748.502 BTC, with an average purchase price of $61,663 per BTC. Although Metaplanet draws comparisons to MicroStrategy, which holds a significantly larger Bitcoin stash, it aims to provide clear metrics on the value of its investments, emphasizing that the BTC Yield should not be interpreted as a direct measure of profitability or liquidity. The company's recent investment strategies resonate with its commitment to transparency and enhancing shareholder value.
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