Metaplanet Reports $8.4 Million Revenue with Significant Bitcoin Gains
Japanese firm Metaplanet has reported its Q2 earnings, reflecting a robust Bitcoin accumulation strategy.
Key Financial Highlights
- Revenue: ¥1.239B ($8.4M), up 41% QoQ
- Gross Profit: ¥816M ($5.5M), up 38% QoQ
- Ordinary Profit: ¥17.4B ($117.8M), previous quarter -¥6.9B
- Net Income: ¥11.1B ($75.1M), previous quarter -¥5.0B
- Assets: ¥238.2B ($1.61B), up 333% QoQ
- Net Assets: ¥201.0B ($1.36B), up 299% QoQ
Metaplanet holds 18,113 Bitcoin, valued at approximately $2.18 billion, with a year-to-date (YTD) BTC yield of 468.1%. The average purchase price for its holdings was $101,422 per Bitcoin. Recent acquisitions included 518 BTC at an average price of $118,519.
Future Plans
Metaplanet plans to launch "Metaplanet Prefs," aimed at scaling its Bitcoin treasury and creating a Bitcoin-backed yield curve in Japan's fixed-income market. This initiative aims to attract institutional investors and integrate traditional finance with digital assets.
Currently, Metaplanet’s stock trades at 993 yen ($6.74), reflecting the positive impact of its Bitcoin strategy.