Metaplanet Reports $4 Million Operating Profit in Q1 2025 from Bitcoin Strategies
Metaplanet (3350), a Tokyo-listed investment firm, reported an operating profit of 592 million yen ($4 million) for Q1 2025, primarily from bitcoin income strategies. Key points include:
- Revenue reached 877 million yen, with 88% derived from option premium harvesting on bitcoin.
- The firm's bitcoin holdings increased by over 5,000 BTC, totaling 6,796 BTC.
- Metaplanet achieved 68% of its goal to reach 10,000 BTC since adopting its bitcoin standard on April 8, 2024.
- It is now the 11th-largest public company globally and the largest in Asia by bitcoin holdings.
- To fund its bitcoin acquisition, Metaplanet raised 86.1 billion yen through bond sales, equity issuance, and stock warrants.
- Its BTC Yield metric increased by 170% year-to-date.
- Shares fell by 2.47% last session to 593 yen but are up 65.8% year-to-date; bitcoin rose by 8.45% during the same period.