Blockstream CEO: Metaplane Bitcoin yields will surpass MicroStrategy
According to online reports, Blockstream CEO Adam Back said that Japanese company Metaplan will surpass MicroStrategy in terms of Bitcoin yields. Back pointed out that Metaplane uses the "months to mNAV cover" indicator to achieve twice the Bitcoin revenue in just three months, a growth rate of 3.8 times that of MicroStrategy. Currently, Metaplanet's market net asset value (mNAV) is 3.3 times, and if the current growth rate is maintained, it is expected to reach 8.3 times, raising its share price from ¥533 to ¥1,340. Metaplanet already holds more than $536 million worth of bitcoins, with an average purchase price of $86,672 per piece. In 2025, its Bitcoin yield reached 136.7%, and the company's share price recently rose 11.5% to close at ¥477. Metaplane is planning to issue $250 million in bonds through its U.S. subsidiary Metaplane Treasury Corp. for further purchases of Bitcoin, demonstrating its strong commitment to Bitcoin strategy.
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