Metaplanet, a prominent bitcoin investor, reported a significant unrealized gain of approximately $36 million (5.46 billion yen) on its bitcoin holdings, which total 1,761 BTC acquired at a cost of $137 million.
The company’s financial results for the full year of 2024 revealed this substantial gain, reflecting the company’s effective investment strategy in the cryptocurrency space.
In addition to the financial gains, Metaplanet has achieved a remarkable increase in its shareholder count, which has quintupled to 50,000 in 2024. This expansion of its shareholder base underscores the growing investor interest in the company’s operations and its role within the cryptocurrency market.
Metaplanet has outlined several methods for enhancing its bitcoin holdings per share. The company can raise funds through debt issuance, including secured bonds, convertible bonds, and utilizing bitcoin as collateral.
Another avenue for increasing its bitcoin reserves is equity issuance, which involves strategies such as private placement, preference shares, convertible bonds, and warrants, supplemented by cash flow generated from business operations.
The firm has set ambitious targets for its bitcoin acquisition strategy. Metaplanet plans to acquire a total of 10,000 BTC by the end of 2025 and aims to hold 21,000 BTC by the end of 2026. To reach these milestones, the company intends to issue 21 million shares in moving strike warrants.
Reflecting the positive reception of these announcements, Metaplanet shares experienced an 8% increase on Monday. The company’s stock performance has been robust, with a 64% rise year to date, indicating strong investor confidence in Metaplanet’s growth trajectory and future prospects within the cryptocurrency market.
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