Metaplanet Embraces BTC Yield Indicator as Key Performance Metric for Bitcoin Investments

On October 25, Metaplanet, a publicly traded investment firm in Japan, disclosed its decision to implement the BTC yield as a crucial performance metric. This innovative indicator, initially popularized by MicroStrategy, aims to provide clarity regarding the financial strategy involved in acquiring Bitcoin through the issuance of additional common stock or convertible securities. The BTC yield is calculated by assessing the percentage change in the ratio of total Bitcoin assets to fully diluted shares, offering investors a comprehensive view of the company’s investment efficacy. Since its inception in August, MicroStrategy’s approach has garnered attention, prompting Metaplanet to adopt a similar framework. The company intends to release detailed quarterly and annual reports, highlighting key insights, including total Bitcoin holdings and shares issued. Impressively, Metaplanet reported a BTC yield of 41.7% for the period from July 1, 2024, to September 30, 2024, escalating to 116.4% from October 1, 2024, to October 25, 2024.