Highlights
- Metaplanet outpaces MicroStrategy with its unique Bitcoin accumulation strategy.
- Blockstream CEO Adam Back says that Metaplanet gains more returns from BTC.
- Metaplanet is growing 3.8 times faster than MicroStrategy in terms of mNAV coverage.
As Bitcoin continues to dominate the crypto space, two industry giants — MicroStrategy and Metaplanet — are making headlines with their bold investment strategies. Amidst their Bitcoin spree, Blockstream CEO Adam Back has made a comparative study, revealing their unique investment tactics.
This article delves into Adam Back’s analysis and identifies which platform has embraced a better Bitcoin investment strategy.
Metaplanet Outpaces MicroStrategy in Bitcoin Investment Strategy
Significantly, the quest for Bitcoin dominance has led companies like MicroStrategy and Metaplanet to adopt innovative investment strategies. In a comparative study, Blockstream CEO Adam Back revealed that Metaplanet has outperformed Microstrategy by generating more returns from BTC.
Using the “months to mNAV cover” metric, Metaplanet achieves a 2x BTC yield in just 3 months, stated Back. The platform’s market Net Asset Value (mNAV) is currently at 3.3x. If this pace continues, mNAV could reach 8.3x, potentially boosting the stock price from ¥533 to ¥1,340.
“Metaplanet is growing 3.8 times faster than MicroStrategy in terms of mNAV coverage, cited Adam Back. According to his analysis, MicroStrategy takes about 19 months to cover its 2.16x market Net Asset Value (mNAV). Metaplanet covers its mNAV much faster. Recently, Metaplanet announced its decision to raise $25 million for its latest Bitcoin purchases.
Meanwhile, MicroStrategy is set to release a Bitcoin standard model to help corporations add Bitcoin to their balance sheets. According to CEO Phong Le, the model will be published in the coming months, providing guidance for companies looking to incorporate BTC into their financial strategies.
Amidst increased adoption, Bitcoin stands firm at the top position, recently exhibiting a bullish ascendance. As of press time, Bitcoin is valued at $103,944, up by 0.18%. Considering the current positive sentiment, analysts believe that BTC will sustain its bullish rally.
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