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Why Metaplanet Is the Next MicroStrategy With BTC Yield of 155%?

source-logo  coingape.com 13 November 2024 14:40, UTC

Japanese firm Metaplanet has been following the footsteps of MicroStrategy for its Bitcoin acquisition strategy. This has resulted in a massive gain in its BTC yield which has led to its valuation nearly double since the beginning of the year. After adding Bitcoin to their treasury back in September 2020, the MSTR stock price has rallied by a staggering 2200%. Thus, the Japanese company could see a similar stock rally, if it continues to hold and add BTC in upcoming market cycles.

coingape.com