Key Notes
- Metaplanet’s stock has become a dominant Bitcoin proxy in Japan, benefiting from Japan’s sub-1% bond yields, no spot Bitcoin ETFs.
- Metaplanet capitalizes on high-yield growth and favorable local conditions and plans to achieve a 210,000 Bitcoin Treasury by the end of 2025.
- Adham Halabi highlighted Strategy’s long-term advantage in leveraging its large Bitcoin holdings as collateral to access liquidity.
Metaplanet has been grabbing the limelight by hitting the 10,000 BTC milestone on June 16, with its stock price racing to all-time highs near 1900 JPY. Interestingly, the Japanese firm is offering 10x forward BTC
BTC
$106 506
24h volatility:
0.5%
Market cap:
$2.12 T
Vol. 24h:
$33.26 B
yield, in comparison to its competitor, Strategy (previously known as MicroStrategy). Additionally, Metaplanet stock’s year-to-date gains stand at 411% while that of Strategy (NASDAQ: MSTR) is just 28%.
Is Metaplanet Becoming Investors’ Favorite?
Metaplanet is emerging as a formidable contender against Strategy (MSTR) in Bitcoin investment returns. By using a unique playbook through 0% bond issuance, the company’s stock MTPLF has generated a significant torque for itself.
On Monday, the company hit the milestone of having 10,000 Bitcoins in its Treasury, and is now on the way to achieving 1% of the total BTC supply, i.e., 210,000 Bitcoins by 2027. Here’s a comparison of how it stands in comparison to Strategy:
- Forward BTC-Yield: Metaplanet boasts a staggering 400% compared to Strategy’s 30%.
- Trailing Twelve-Month (TTM) BTC-Yield: Metaplanet outshines with 1,000% versus Strategy’s 90%.
Crypto market observer Blake stated that Japan’s economic conditions and bond market crisis are key factors driving the Metaplanet stock (trading under ticker 3350.T) rally. With sub-1% Japanese Government Bond (JGB) yields, no spot Bitcoin ETFs, and a favorable tax environment under the NISA framework (0% Capital Gains Tax), MetaPlanet’s growth is further fueled by local demand.
Thus, by being the only Bitcoin proxy bet in the Japanese market, the 3350 stock benefits from several short-squeeze scenarios.
Strategy (MicroStrategy) Investors Defend MSTR
In his X post, Blake questioned MSTR holders what justifies staying overweight on MicroStrategy. Is it the benefits of USD liquidity and the potential inclusion in the S&P 500?
MSTR has the biggest stack. The stack is what is be used as collateral to suck in liquidity from the debt markets. The bigger the stack, the more liquidity MSTR can draw.
MTPLF may move faster as a percentage of its current stack in terms of % growth, and this will last for…
— Adham Halabi 🇨🇦 (@Halabi4Adham) June 16, 2025
Responding to this, Adham Halabi emphasized Strategy’s (MSTR) dominance in the Bitcoin market, underscoring its significant Bitcoin holdings as a key competitive advantage. Halabi noted that MSTR’s extensive Bitcoin stack serves as collateral to access liquidity from debt markets. “The bigger the stack, the more liquidity MSTR can draw,” he remarked.
While competitors like MetaPlanet (MTPLF) might experience faster percentage growth relative to their current holdings, Halabi believes the long-term focus remains on Bitcoin gains. “BTC gain is the end game,” he stated. He further added that markets will eventually prioritize companies with the best market-to-net-asset-value (mNAV) ratios for growth opportunities.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
