Strategy increased its profit by over $17 billion and acquired 7,633 BTC on February 9.
Metaplanet, meanwhile, reported that Bitcoin (BTC), with its unrealized profit of nearly $36 million, accounted for 85% (2024) net income.
The company said that it plans to raise its Bitcoin stock to 10,000 BTC at the end 2025, and to 25,000 BTC at the end 2026.
The strategy boosts the Bitcoin Treasury
On Feb. 10, Strategy As of the time of publication, it had added 7,633 BTC, or 478,740 BTC, to its Treasury. Year-to-date, its Bitcoin yield was at 4.1%.
Bitcoin Treasuries data, Strategy has nearly 12x as much Bitcoin in its possession than Marathon Digital. Marathon Digital was the second biggest Bitcoin-holder among public companies.
Considering the firm’s average cost per BTC of $62,691, its unrealized profit is over $17 billion based on Bitcoin’s price at $97,405.80 as of press time.
Bitcoin-driven growth
As of Feb. 10, Metaplanet’s Bitcoin stash stood at 1,762 BTC, acquired through internally generated capital and structured financial instruments.
Metaplanet officially changed its business focus from hotels to Bitcoin Treasury Company in April 2024. In the past year, Metaplanet raised more than $150 million for BTC.
By year-end, its Bitcoin holdings were 14x higher than its market capitalization in April 2024, positioning it as Asia’s largest public BTC holder and one of the top 15 globally.
Metaplanet is the only Bitcoin-proxy investment in Japan, which has been a key factor in driving significant growth in the company’s metrics.
Metaplanet operates now two businesses that generate revenue, including the Bitcoin Income Generation. Bitcoin Income Generation, which uses a small percentage of funds raised to help monetize Bitcoin volatility via option strategies.
The company will also reform the Tokyo location of its hotel in order to make it a Bitcoin theme, as part of an effort to connect the two sectors.
Metaplanet, which adopted Bitcoin in 2013, has seen a 500% rise in its number of shareholders. Its market cap, meanwhile, has increased over 100x. Additionally, its stock trading volume in 2024 was up 430x compared to 2023.
Earnings
Metaplanet reported a net income of ¥6.397 billion for the fiscal year, worth $42.1 million. This is its 1st operating profit in 2017.
Furthermore, Metaplanet’s total assets surged to ¥30,325 million, a 1,720% increase over FY 2023. The company stated that it will focus future capital increases on Bitcoin acquisition rather than operating expenses.
You can also find out more about the following: “BTC Yield”The growth rate of the BTC holdings and fully diluted outstanding shares was also nearly 310%. This performance indicator represents the quarterly change in the ratio between Metaplanet’s BTC holdings and its Fully Diluted outstanding shares.
The company aims at increasing its stock to 21,000 BTC before the end 2026. Metaplanet issued over $26 millions in bonds on February 10th to achieve this goal. The money will be used to purchase more BTC. The Japanese company plans to have 10,000 BTC at the end of 2025.
It also wants to increase the BTC value per share and move away from traditional financial strategies based on fiat. The firm has pledged to maintain a stable operating profit and increase its Bitcoin holdings.
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