Originally published on: December 18, 2024
Metaplanet, a Bitcoin stacking firm based in Japan, is predicted to achieve its first consolidated operating profit in seven years. This impressive milestone comes just months after the company added Bitcoin to its balance sheet for the first time.
Metaplanet announced on December 18th that it anticipates generating 890 million Japanese yen ($5.8 million) in revenue for the fiscal year ending on December 31st. This is a significant increase from the 261 million Japanese yen generated in the previous fiscal year. The company expects its operating profit to reach 270 million Japanese yen, a notable improvement from the previous loss of 468 million Japanese yen.
The boost in revenue is largely attributed to the sale of Bitcoin put options, which brought in 520 million Japanese yen in income for Metaplanet.
The trend of companies incorporating Bitcoin into their strategies has been growing this year, particularly as the price of BTC continues to rise. This surge in value has not only positively impacted companies like Metaplanet but has also led to an increase in their overall value and stock prices.
Metaplanet, a Tokyo-based investment firm, made a strategic shift towards Bitcoin earlier this year to hedge against currency depreciation. This move has proven to be beneficial, especially with the addition of a hotel business, leading the company towards a profitable fiscal year despite previous challenges.
In addition to its Bitcoin treasury management strategy, Metaplanet has established “Bitcoin accumulation and management” as a formal business line. This initiative involves utilizing various financial instruments to purchase and hold Bitcoin, with put option sales remaining a key revenue driver for the company.
Metaplanet’s innovative approach to Bitcoin extends beyond traditional investment methods. The company aims to create revenue streams through Bitcoin-related marketing activities, including operating a Japanese version of the popular news outlet Bitcoin Magazine.
As one of Asia’s largest corporate Bitcoin holders, Metaplanet currently holds 1,142 Bitcoin valued at approximately $119.4 million. The company’s recent bond issuances demonstrate its commitment to accumulating more Bitcoin and expanding its presence in the cryptocurrency market.
With a solid foundation in Bitcoin and a proactive approach to financial growth, Metaplanet is poised to continue its success in the dynamic world of cryptocurrency.
