TechFlow, May 10 — According to Coinpedia, Blockstream CEO Adam Back stated that Japanese company Metaplanet will surpass MicroStrategy in Bitcoin yield. Back noted that Metaplanet, using the "months to mNAV cover" metric, achieves double Bitcoin returns in just three months—3.8 times faster than MicroStrategy.
Currently, Metaplanet's market net asset value (mNAV) stands at 3.3x. If it maintains this growth rate, it could reach 8.3x, potentially increasing its share price from ¥533 to ¥1,340. Metaplanet already holds over $536 million worth of Bitcoin, with an average purchase price of $86,672 per coin. In 2025, its Bitcoin yield reached 136.7%, and its stock recently rose 11.5%, closing at ¥477.
Metaplanet plans to issue $250 million in bonds through its U.S. subsidiary, Metaplanet Treasury Corp., to further purchase Bitcoin, demonstrating its strong commitment to its Bitcoin strategy.
