Metaplanet's Bitcoin holdings will have a floating profit of $35 million in 2024

Odaily News Metaplanet, a Japanese listed company, announced its 2024 fiscal year performance report, with unrealized gains on its Bitcoin holdings reaching $35 million (about 5.46 billion yen). As of the end of 2024, the company held a total of 1,761 BTC, with a cumulative purchase cost of $137 million. Metaplanet plans to hold 10,000 BTC by the end of 2025 and increase its holdings 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. In addition, the number of Metaplanet shareholders increased by 500% to 50,000 in 2024, and its stock price rose 8% on Monday, with a cumulative increase of 64% since the beginning of the year. (Coindesk)