Metaplanet adopts MicroStrategy’s Bitcoin benchmark to increase shareholder transparency

Japan's publicly listed early-stage investment firm Metaplanet is once again following in the footsteps of Michael Saylor's software company MicroStrategy, offering a metric designed to assess how Bitcoin acquisitions affect shareholder returns.

Metaplanet, previously dubbed “Asia's answer to micro-strategy,” says it will start hiring a metric pioneer in BTC Yield, a company called Saylor. Disclosure on Thursday.

Microstrategy, the world's largest corporate owner Bitcoinbecame a pioneer concept In August, which tracks the percentage change between total Bitcoin holdings and fully diluted shares.

The Tokyo-based firm plans to disclose its BTC product through the following Bitcoin purchases, total holdings, shares issued and Bitcoin fully diluted shares on a quarter-to-date and year-to-date basis.

The concept aims to provide a more transparent means of measuring whether Bitcoin purchases increase shareholder value.

In its opening statement using the metric, the firm said it had increased BTC's performance between July 1 and September 30 by 41.7 percent on October 1 and more than 116 percent on Thursday. In other words, the scale shows that the total amount of bitcoins it holds is about three times higher than it was purchased in the previous quarter.

While BTC Yield provides a clear view of the company's Bitcoin-to-share ratio, Metaplanet cautions investors that it should not be viewed as a measure of profitability or leverage. The company also noted that the market price of its shares may not always reflect the value of its Bitcoin holdings.

Since then It was announced In April, Metaplanet raised ¥7.965 billion ($53 million) in bitcoin, with purchases made at an average of $61,663 per token. The latest $6.8 million purchase brings the company's total holdings to 855.478 BTC, which is approx. 56 million dollars.

While it's a far cry from MicroStrategy's 252,000 BTC, MetaPlanet hopes to build on the momentum it's already set. A shopping spree On several occasions this month and earlier this year.

Metaplanet stock traded down 1.69% on Thursday, hitting 1,080 JPY, or approximately $7.12. Google Finance. Bitcoin, meanwhile, rose more than half a percent on the day to $67,800, according to CoinGeko data.

Edited by Sebastian Sinclair