Metaplanet's stock price has surged by 4000% due to its Bitcoin strategy, and it is expected to post its first profit after six consecutive years of losses.

BlockBeats News, February 10th, according to Bloomberg compilation data, Metaplanet Inc.'s stock price has risen over 4,000% in the past 12 months, making it the stock with the largest increase among all Japanese stocks during the same period, and one of the stocks with the highest increase globally.

Metaplanet's CEO previously served as the head of the stock derivatives department at Goldman Sachs. Since 2013, he has operated Metaplanet (formerly known as Red Planet Japan Inc.) as a hotel developer. However, the epidemic caused an economic slowdown, forcing the company to close most of its hotels, leaving only one in operation. When the market value once dropped to around $15 million, UTXO Management invested, leading the company to adopt a Bitcoin strategy. Since then, Metaplanet's shareholder count has grown to nearly 50,000 people, and its market value has soared to $2 billion, becoming the best-performing stock among companies with a market value exceeding $250 million globally by 2024. The company recently announced the largest ever public equity financing in Asia, planning to raise $750 million to purchase Bitcoin.

The company has been losing money for six consecutive years, and it is expected to announce its first-ever profitable quarter in a later report on Monday.