In the race to become the ultimate Bitcoin-native corporation, Japan’s Metaplanet Inc. (CEO: Simon Gerovich) and the U.S.’s MicroStrategy Inc. (CEO: Michael Saylor) are taking two different paths.
Bitcoin Holdings (May 2025)
- 🇯🇵 Metaplanet: 6,976 BTC
- 🇺🇸 MicroStrategy: 568,840 BTC
Saylor still leads in size, but Gerovich is closing the gap on efficiency.
Q1 2025 Net Profit
- Metaplanet: ¥593M (~$3.8M)
- MicroStrategy: -$4.2B
The smaller player is turning profits while the giant bleeds.
BTC Yield YTD
- Metaplanet: +170%
- MicroStrategy: +15.5%
Metaplanet is winning on ROI and agility.
Treasury Strategy
- Metaplanet: BTC-first, leverage, KPI/tokenization
- MicroStrategy: HODL, equity issuance, conviction
One’s built for speed and innovation, the other for long-term faith.
Positioning
- Metaplanet: Japan’s rising Bitcoin force
- MicroStrategy: The OG Bitcoin corporate bull
2025 could mark the rise of a new East-West crypto rivalry.
The Bottom Line:
MicroStrategy laid the path, but Metaplanet may be building the faster machine. In a world beyond fiat, only one grows BTC per share as a core metric.
Who’s your pick?
1️⃣ Saylor’s macro conviction
2️⃣ Metaplanet’s high-velocity BTC engine