Metaplanet's Bitcoin Holdings Unrealized Gain Reaches $35 Million in 2024

BlockBeats News, February 10th: Japanese publicly listed company Metaplanet announced its fiscal year 2024 performance report, with its unrealized gains from Bitcoin holdings reaching $35 million (approximately 5.46 billion yen).

As of the end of 2024, the company held a total of 1,761 BTC, with a cumulative acquisition cost of $137 million. Metaplanet plans to hold 10,000 BTC by the end of 2025 and increase it to 21,000 BTC by the end of 2026. The company is increasing its Bitcoin holdings through the issuance of secured bonds, convertible bonds, equity financing, and cash flow operations.

Furthermore, Metaplanet saw a 500% increase in the number of shareholders in 2024 to 50,000 people. Its stock price rose by 8% on Monday, accumulating a 64% increase since the beginning of the year.