Metaplanet Achieves 10,000 BTC Milestone with 10x Forward Yield Over Strategy

Metaplanet Achievements

Metaplanet reached 10,000 BTC in its treasury on June 16.
Stock price peaked at approximately 1900 JPY, marking a year-to-date gain of 411%.
Offers 10x forward BTC yield compared to competitor Strategy, which offers 1x.

Comparison with Strategy

Forward BTC-Yield: Metaplanet 400%, Strategy 30%.
Trailing Twelve-Month (TTM) BTC-Yield: Metaplanet 1,000%, Strategy 90%.
Aiming for 1% of total BTC supply (210,000 BTC) by 2027.

Factors driving Metaplanet's stock growth include:

Low Japanese Government Bond yields under 1%.
No spot Bitcoin ETFs available.
Favorable tax environment with 0% Capital Gains Tax under NISA.

Strategy's Position

Investors defend MicroStrategy (MSTR), citing its large Bitcoin holdings as a competitive advantage. They emphasize that MSTR’s substantial Bitcoin stack allows for greater liquidity access. The focus remains on long-term Bitcoin gains and prioritizing companies with favorable market-to-net-asset-value ratios for potential growth.