Okay, buckle up, crypto enthusiasts, because Japan’s Metaplanet is absolutely crushing it when it comes to Bitcoin returns, and frankly, it’s making MicroStrategy look a little…slow. Blockstream CEO Adam Back just dropped this bomb, and it’s a big one.
Metaplanet isn’t messing around. They’re using a metric called ‘months to mNAV cover,’ and it’s showing they can double their Bitcoin returns in just three months. That’s 3.8 times faster than MicroStrategy! Seriously, 3.8x! That’s not a small difference.
Currently trading with a market net asset value (mNAV) of 3.3x, analysts are projecting a leap to 8.3x if they maintain this pace, sending their stock soaring from ¥533 to a potential ¥1,340. I’m telling you, this is insane growth.
They’ve already stashed over $536 million in Bitcoin, buying it at an average price of $86,672 per coin – a pretty solid move. And 2025 saw a monstrous 136.7% Bitcoin yield, fueling a recent 11.5% stock surge to ¥477.
Let’s break down what’s going on here:
Metaplanet’s success hinges on its aggressive Bitcoin acquisition strategy and a focus on maximizing shareholder value through Bitcoin holdings. It’s a clear bet on Bitcoin’s future.
The “months to mNAV cover” metric is a key indicator. It measures how quickly the company’s Bitcoin holdings can cover its market capitalization, signifying efficient capital allocation.
MicroStrategy, while a pioneer in this space, is being outperformed. The comparison clearly shows Metaplanet’s strategy is more agile and rewarding, at least for now.
To double down, Metaplanet Treasury Corp, their US subsidiary, is planning to issue $250 million in bonds. All to buy more Bitcoin. They’re all-in, and I respect the hell out of that.
This isn’t just about numbers; it’s about conviction. Metaplanet is putting their money where their mouth is, and they’re proving that a focused, aggressive Bitcoin strategy can yield incredible results. Watch this space – Metaplanet is a force to be reckoned with.
