🚀 Metaplanet Releases Fiscal Year 2024 Performance Report: Bitcoin Holdings Growth and Future Plans Revealed 📊
Japanese listed company Metaplanet recently released its fiscal year 2024 performance report and disclosed important progress on Bitcoin (BTC):
🔹 Unrealized Gains on Bitcoin Holdings:
As of the end of 2024, Metaplanet holds a total of 1,761 BTC, with a cumulative purchase cost of $137 million (approximately 5.46 billion yen).
📉 However, to date, its unrealized gains on Bitcoin holdings have reached $35 million.
🔹 Future Goals:
Metaplanet plans to increase its Bitcoin holdings to 10,000 BTC by the end of 2025 and further raise it to 21,000 BTC by the end of 2026. The company is continually increasing its Bitcoin assets through various means, including issuing secured bonds, convertible bonds, equity financing, and cash flow operations.
🔹 Shareholder Growth and Stock Performance:
The number of shareholders of Metaplanet increased by 500% in 2024, surpassing 50,000 individuals. The company's stock price rose 8% on Monday and has increased 64% year-to-date. This indicates strong market recognition of its long-term Bitcoin holding strategy.
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