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Key Notes
- Metaplanet plans to accumulate at least 21k Bitcoins by the end of 2026 backed by global capital markets.
- The company announced the first operating profit in financial year 2024 since 2017 backed by the BTC plan.
Metaplanet Inc. (Tokyo: 3350), a Japan-based company focused on amassing as much Bitcoin BTC $84 221 24h volatility: 0.1% Market cap: $1.67 T Vol. 24h: $7.37 B as possible, has released key financial data for 2024. The mid-cap company, with a net valuation of about ¥213 billion, also announced plans to strengthen its Bitcoin strategy.
As Coinspeaker previously reported, Metaplanet plans to accumulate at least 10k Bitcoins by the end of 2025. Through leveraging the global capital markets, Metaplanet plans to accumulate at least 21k Bitcoins by the end of 2026.
Furthermore, Metaplanet has obtained favor from crucial investors, who are also heavily invested in Strategy (NASDAQ: MSTR), led by Norges Bank from Norway, and Capital Group with over $2.7 trillion in AUM.
Metaplanet Plans to Purchase Additional Bitcoin
Earlier on Monday, Metaplanet announced plans to issue ¥4 billion, which is equivalent to about $26.3 million, in ordinary bonds to purchase additional Bitcoins. The company announced that its board of directors unanimously passed a plan to issue its 6th series of Ordinary Bonds to EVO FUND.
“The funds raised through this issuance will be allocated for the purchase of Bitcoin, in line with the specific use of proceeds detailed in the announcement titled ‘Notice Regarding the Issuance of the 13th to 17th Series of Stock Acquisition Rights Purchase Agreement’ dated January 28, 2025,” the company noted.
Metaplanet highlighted that the Ordinary bond issuance will bear no interest rate, collateral, or guarantee. However, the company expects the latest bond issuance to have minimal effect on the consolidated financial results for the fiscal year ending December 2025.
Meanwhile, the company currently holds about 1,762 Bitcoins, which represents around 15 percent of its market cap. The ratio will, however, grow exponentially ahead and potentially mirror that of Strategy, which is over 50 percent.
Key Financial Highlights for 2024
Earlier today, Metaplanet also released the fourth quarter and full year 2024 financial results. According to the report, the company recorded unrealized gains of about $35 million from the Bitcoin trove.
*Metaplanet Announces Q4 and Full Year 2024 Financial Results* pic.twitter.com/iX6SQnDk8f
— Metaplanet Inc. (@Metaplanet_JP) February 10, 2025
During the 2024 financial year, Metaplanet recorded a 1,720 percent increase in its total assets to about ¥30.3 billion, compared to 2023. As a result, 2024 was the first year that Metaplanet achieved an operating profit since 2017.
The company’s Bitcoin strategy helped increase its shareholder base by 500 percent to more than 50k. During the fourth quarter, Metaplanet achieved a 334 percent gain in its Bitcoin holding to about 1,332 from the initial BTC trove of about 398 units.
Following the announcement, the company’s stock market gained 7.5 percent on Monday to close Japan’s trading session at about ¥5,880.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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