Metaplanet Expands Bitcoin Holdings with Bold Investment Strategy
Japanese-listed company Metaplanet reported strong financial results for the fiscal year 2024, driven by its aggressive Bitcoin investment strategy.
Key Takeaways: – Metaplanet reported $35 million in unrealized Bitcoin gains and plans to expand its holdings to 21,000 BTC by 2026 through secured bonds, equity financing, and cash flow. – The company projects 2024 sales of $22.3 million and an operating profit of $16.4 million, with its shareholder base growing by 500% and stock price rising 64% this year. |
Metaplanet announced unrealized gains of approximately 5.46 billion yen ($35 million) on its Bitcoin holdings.
As of the end of 2024, Metaplanet held 1,761 BTC, acquired at a cumulative cost of $137 million. The company aims to expand its Bitcoin reserves to 10,000 BTC by the close of 2025 and further increase its holdings to 21,000 BTC by the end of 2026. Metaplanet Bitcoin investment will be funded through secured bonds, convertible bonds, equity financing, and cash flow from operations.
Metaplanet’s Bitcoin-focused strategy has contributed to substantial financial growth. The company projects 2024 sales of 3.4 billion yen ($22.3 million) and an operating profit of 2.5 billion yen ($16.4 million).
Investor confidence in Metaplanet has surged, with its shareholder base expanding by 500% to 50,000 in 2024. The company’s stock price rose 8% on Monday and has climbed 64% since the start of the year. Additionally, it plans to issue 21 million shares in moving strike warrants to support its Bitcoin accumulation goals.
Beyond investment, Metaplanet is integrating Bitcoin into its core business. It has rebranded the Hotel Royal Oak Gotanda as “The Bitcoin Hotel.” The company expects continued growth, with its Bitcoin income business projected to generate 3 billion yen in sales for the coming year.
Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |