Blockstream CEO: Metaplanet's Bitcoin yield is about to surpass MicroStrategy
ChainCatcher news, according to Coinpedia, Blockstream CEO Adam Back stated that the Japanese company Metaplanet is expected to surpass MicroStrategy in Bitcoin yield. Back pointed out that Metaplanet uses the "months to mNAV cover" metric, achieving a 2x Bitcoin yield in just 3 months, growing at a rate 3.8 times that of MicroStrategy. Currently, its market net asset value (mNAV) is 3.3 times, and if it maintains the current growth rate, it is expected to reach 8.3 times, with the stock price rising from ¥533 to ¥1,340. Metaplanet currently holds over $536 million worth of Bitcoin, with an average purchase price of $86,672 per coin, achieving a yield of 136.7% by 2025. The stock price recently increased by 11.5%, closing at ¥477.At the same time, Metaplanet is planning to issue $250 million in bonds through its U.S. subsidiary to further purchase Bitcoin, demonstrating its strategic confidence.