🚀 Metaplanet Adopts BTC Yield As Key Performance Indicator
#Metaplanet #BTCYield #Bitcoin #MicroStrategy #Investment #PerformanceIndicator #Crypto #Blockchain #Finance #Stocks
According to BlockBeats, on October 25, Japanese publicly traded investment firm Metaplanet announced that it will adopt the 'BTC Yield' as a key performance indicator. This metric was first introduced by the U.S. Nasdaq-listed company MicroStrategy. The company believes that this indicator can help investors better understand its decisions to fund Bitcoin purchases through the issuance of additional common stock or convertible instruments.
The BTC Yield metric calculates the percentage change in the ratio between the total Bitcoin holdings and fully diluted shares. Notably, MicroStrategy introduced the BTC Yield metric in August. Metaplanet stated that it will follow this model and provide regular BTC Yield updates in its future Bitcoin purchases. The reports will be updated quarterly and annually, offering information on its total Bitcoin holdings, issued shares, and fully diluted per-share Bitcoin.
Metaplanet disclosed that from July 1, 2024, to September 30, 2024, the company's BTC Yield was 41.7%. From October 1, 2024, to October 25, 2024, the company's BTC Yield increased to 116.4%.#Metaplanet #BTCYield #Bitcoin #MicroStrategy #Investment #PerformanceIndicator #Crypto #Blockchain #Finance #Stocks
🚀 Cayman Islands Court Blocks Maple Finance's Bitcoin Product Launch
#CaymanIslands #MapleFinance #BitcoinProduct #syrupBTC #DeFi #Blockchain #LegalFramework #CoreFoundation #ExclusiveContract #BTCYield #OffChainContracts #BankruptcyRemote #LegalStandards
According to ChainCatcher, a Cayman Islands court has issued an injunction this week preventing Maple Finance from launching its yield-based Bitcoin product, syrupBTC. This legal action highlights the gap between decentralized finance (DeFi) products and traditional legal frameworks. Core Foundation has accused Maple of breaching an exclusive contract, alleging that Maple used information obtained during their collaboration on IstBTC to develop the competing product syrupBTC.
Maple, which manages over $3 billion in assets, denies any wrongdoing, asserting that syrupBTC was independently developed. The company plans to return 85% of the principal to BTC Yield lenders, with the remaining 15% to be released following the resolution of legal proceedings.
Experts have noted that this case demonstrates the necessity for decentralized blockchain products to adhere to existing contracts and legal standards. Block Street CEO Hedy Wang emphasized the importance of off-chain contracts, stating that DeFi is not beyond the reach of the law. Axelar legal advisor Jason Rozovsky highlighted the need for assets to be stored in a bankruptcy-remote manner to protect user rights.#CaymanIslands #MapleFinance #BitcoinProduct #syrupBTC #DeFi #Blockchain #LegalFramework #CoreFoundation #ExclusiveContract #BTCYield #OffChainContracts #BankruptcyRemote #LegalStandards
🚀 Institutional Investors Shift Focus to Traditional Finance-Like BTC Returns
#InstitutionalInvestors #BitcoinReturns #TraditionalFinance #MarketNeutral #DeFi #SmartContracts #RiskControl #BTCYield #HedgeFunds #Compliance #AssetManagement
Institutional investors are changing their approach to Bitcoin returns, seeking methods akin to traditional finance rather than higher-risk strategies. According to Odaily, Thomas Chaffee, co-founder of GlobalStake, noted that fully collateralized, market-neutral strategies are now replacing DeFi or smart contracts, rekindling interest among institutional investors. Chaffee highlighted that previously, due to risks associated with smart contracts, leverage, and opaque strategies, institutional investors found the risk-reward ratio of BTC yield products unreasonable. As infrastructure evolves, hedge funds and financial departments are gravitating towards familiar deployment methods that offer compliance and risk control systems. Richard Green, head of Rootstock Institutional, also observed that BTC holders increasingly desire their assets to generate returns.#InstitutionalInvestors #BitcoinReturns #TraditionalFinance #MarketNeutral #DeFi #SmartContracts #RiskControl #BTCYield #HedgeFunds #Compliance #AssetManagement