Japan’s publicly-listed early-stage investment firm Metaplanet is again following in the footsteps of Michael Saylor’s software company MicroStrategy, introducing a metric designed to assess how Bitcoin acquisitions affect shareholder returns.

Previously dubbed “Asia’s answer to MicroStrategy,” Metaplanet said it would begin employing a metric pioneered by Saylor’s firm known as “BTC Yield,” according to a disclosure on Thursday.

MicroStrategy, the world’s largest corporate holder of Bitcoin, pioneered the concept in August, which tracks the percentage change in the ratio between total Bitcoin holdings and fully diluted shares.

The Tokyo-based firm plans to disclose its BTC Yield with its following Bitcoin purchases, providing updates on total holdings, issued shares, and Bitcoin per fully diluted share on a quarter-to-date and year-to-date basis.

The concept aims to provide a more transparent means of gauging whether Bitcoin purchases enhance shareholder valu

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Author: Vismaya V