Metaplanet Overtakes MicroStrategy in Bitcoin Yield

Metaplanet's approach to holding Bitcoin has yielded better results than MicroStrategy's strategy, according to recent data.

The company holds 43,000 BTC, valued at $2.8 billion, making it the third-largest publicly traded corporate Bitcoin holder globally, behind only MicroStrategy and Marathon Digital Holdings.

Metaplanet recently issued a ¥12 billion convertible bond to expand its cryptocurrency reserve, with at least ¥662 million allocated towards an initial purchase of Bitcoin.

The company's CEO, Simon Gerovich, views Bitcoin as the foundation of next-generation financial ecosystems.