Japanese BitcoinConcentrated company Meta planet After the recent expansion of the US market, it has significantly increased its cryptocurrency portfolio.
On Dec. 23, the company, which is listed on the Tokyo Stock Exchange and trades on the U.S. OTCQX under the name MTPLF, said It bought 619.70 BTC for ¥9.5 billion ($60.7 million). This purchase increases his total Bitcoin holdings to 1,761.98 Bitcoins, which is currently worth $169.2 million.
The company's latest Bitcoin purchase came after it issued a double-tranche bond between December 17 and 20, which raised ¥9.5 billion from the EVO fund to buy additional BTC investments. This strategic move takes place shortly after Metaplanet It started trading on the US OTCQX market On December 19.
Despite these developments, its shares fell 0.93% to close at $22.59 (JPY 3,540) today. data From Google Finance. However, the stock is up more than 2,000% year-to-date.
Apart from stock performance, MetaPlant Bitcoin Strategy It continues to deliver results. Between July and September 2024, the company reported a return of 41.7%, which increased to 309.82% in the following quarter. These achievements demonstrate how the company maximizes returns through its active Bitcoin investments.
In addition, the company It is predicted A significant 240% increase in annual revenue for 2024, with revenue expected to reach $5.8 million (¥890 million). That's a significant turnaround from last year's $1.7 million (¥261 million).
The company also forecasts an operating profit of $1.8 million (270 million yen), reversing a loss of $3 million (468 million yen) recorded in 2023.
Investor incentives
MetaPlant CEO Simon Gruwich has reminded investors that December 26 is the last date to buy shares to qualify for the company's shareholder benefits program.
According to him:
“Please note that the last day to purchase shares to qualify for the Shareholder Benefit Program is December 26 (the last vesting date).”
program, Launched in Novemberoffers unique prizes, including entry into the Bitcoin Lottery where 30 million yen of Bitcoin will be distributed to 2,350 shareholders through a lottery system. It is designed to attract long-term investors and strengthen the company's engagement with its shareholders.
This initiative by a Partnership with SBI VC Tradea subsidiary of the Japanese financial giant SBI Holdings.
