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Metaplanet Adopts MicroStrategy’s Bitcoin Metric to Boost Shareholder Transparency

Japanese investment firm Metaplanet is adopting a metric pioneered by MicroStrategy to assess how Bitcoin acquisitions affect shareholder returns. The metric, known as "BTC Yield," calculates the percentage change in the ratio between total Bitcoin holdings and fully diluted shares. Metaplanet plans to disclose its BTC Yield with each Bitcoin purchase, providing updates on total holdings, issued shares, and Bitcoin per fully diluted share. The firm recently revealed that its BTC Yield had increased from 41.7% to over 116% in the previous quarter, indicating a significant increase in its Bitcoin holdings. However, Metaplanet cautions that BTC Yield should not be seen as a measure of profitability or liquidity and that the market price of its shares may not always reflect the value of its Bitcoin holdings.

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