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Blockstream CEO: Metaplanet Bitcoin returns will surpass MicroStrategy
According to Deep Tide TechFlow news on May 10, reported by Coinpedia, Blockstream CEO Adam Back stated that the Japanese company Metaplanet will surpass MicroStrategy in Bitcoin yield. Back pointed out that Metaplanet uses the "months to mNAV cover" metric, requiring only 3 months to achieve 2 times Bitcoin yield, with a rise rate 3.8 times that of MicroStrategy.
Currently, the market net asset value of Metaplanet is (mNAV) at 3.3 times. If the current rise continues, it is expected to reach 8.3 times, increasing its stock price from ¥533 to ¥1,340. Metaplanet has held over $536 million worth of Bitcoin, with an average purchase price of $86,672/coin. In 2025, its Bitcoin return rate reached 136.7%, and the company's stock price recently rose by 11.5%, closing at ¥477.
Metaplanet is planning 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.