What is Metaplanet’s BTC Yield metric, and how does it differ from traditional ROI?

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Metaplanet’s BTC Yield is a proprietary KPI that measures changes in Bitcoin holdings per fully diluted share. Unlike traditional ROI, which focuses on realized profits, BTC Yield isolates shareholder accretion from dilution effects due to new equity issuance. It helps investors evaluate the strategic performance of the treasury’s accumulation strategy rather than short-term market gains. Quarterly BTC Yield in 2025 ranged from 11.9% to 129.4%, demonstrating consistent contribution to the annual headline of 568.2%.