{"id":42097,"date":"2025-05-10T17:00:44","date_gmt":"2025-05-10T14:00:44","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=42097"},"modified":"2025-05-10T15:15:40","modified_gmt":"2025-05-10T12:15:40","slug":"metaplanet-microstrategy-bitcoin-investment","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/metaplanet-microstrategy-bitcoin-investment\/","title":{"rendered":"Metaplanet Surpasses MicroStrategy in Bitcoin Investment\u00a0"},"content":{"rendered":"

Blockstream CEO Adam Back<\/strong> emphasized that Metaplanet is more efficient than MicroStrategy in Bitcoin<\/strong> investment. Metaplanet stands out with its innovative strategy. As Bitcoin<\/strong> maintains its dominance in the crypto market, these two companies are making bold moves. Adam Back\u2019s<\/strong> latest analysis highlights Metaplanet\u2019s<\/strong> rapid growth and high returns.<\/span>\u00a0<\/span><\/p>\n

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Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n

  • Metaplanet\u2019s Rapid Rise in Bitcoin Investment\u00a0<\/a><\/li>
  • MicroStrategy\u2019s Bitcoin Moves\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n

    <\/span>Metaplanet\u2019s Rapid Rise in Bitcoin Investment<\/span>\u00a0<\/span><\/span><\/h2>\n

    Metaplanet<\/strong> is pursuing an aggressive path in Bitcoin<\/strong> accumulation. Adam Back notes that the company is growing 3.8 times faster than MicroStrategy in terms of mNAV<\/strong> (market Net Asset Value). The company achieved a 100% BTC return in three months. Its current mNAV value stands at 3.3x. According to Back, at this pace, the mNAV<\/strong> could reach 8.3x, potentially driving the stock price from 533 \u00a5 to 1,340 \u00a5.<\/span>\u00a0<\/span><\/p>\n

    Additionally, company raised $25 million<\/strong> for its latest purchases. The company views Bitcoin as its core treasury asset. The Japan-based firm ranks 11th among Asia\u2019s largest Bitcoin holders, managing a portfolio of 5,555 BTC<\/strong> worth $481.5 million.<\/span>\u00a0<\/span><\/p>\n

    <\/span>MicroStrategy\u2019s Bitcoin Moves<\/span>\u00a0<\/span><\/span><\/h2>\n

    On the other hand, MicroStrategy leads in Bitcoin investments. The company holds 555,450 BTC<\/strong>, making it the world\u2019s largest institutional Bitcoin holder. It recently spent $180 million to acquire 1,895 BTC. Additionally, CEO Phong Le is developing a standard model to help companies add Bitcoin to their balance sheets. This model will be released soon.<\/span>\u00a0<\/span><\/p>\n

    However, Adam Back points out that MicroStrategy\u2019s<\/strong> mNAV growth took 19 months, a slower pace compared to Metaplanet. MicroStrategy\u2019s mNAV value is at 2.16x.<\/span>\u00a0<\/span><\/p>\n

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    comparing @Strategy<\/a> is about 19 months to cover it's 2.16x mNAV. crudely MSTR cover \/ metaplanet, shows metaplanet 3.8x faster. if you use that to normalise mNAV heat, then metaplanet could be at 2.16 x 3.8 = 8.3x mNAV up from 3.3 mNAV, and if price transfers \u00a51340 normalized.<\/p>\n

    — Adam Back (@adam3us) May 10, 2025<\/a><\/p><\/blockquote>\n