Key Highlights
- Metaplanet announced full-year 2024 results, realizing an unrealized gain of $36 million (5.46 billion yen).
- The firm intends to acquire up to 21,000 BTC by the end of 2026.
- Shares of Metaplanet rose by 8% on Monday and have increased by 64% year-to-date.
Metaplanet’s Financial Overview
Metaplanet (3350) released its full-year 2024 financial results, reporting an unrealized gain of approximately $36 million (5.46 billion yen) from a total of 1,761 BTC, purchased for $137 million.
The bitcoin investor increased its shareholder base by 500% to 50,000 in 2024.
Strategies for Increasing Bitcoin Holdings
Metaplanet has outlined several strategies to enhance its Bitcoin holdings per share:
- Debt issuance through secured bonds, convertible bonds, and collateralized Bitcoin.
- Equity issuance via private placement, preference shares, convertible bonds, and warrants, bolstered by cash flow from business operations.
The company aims to acquire 10,000 BTC by the end of 2025 and 21,000 BTC by 2026 through issuing 21 million shares in moving strike warrants.
Additionally, shares were up 8% on Monday and up 64% for the year.
