Metaplanet Expands Crypto Portfolio in US Market
- Metaplanet acquires 619.70 BTC for $60.7 million
- Total Bitcoin holdings now valued at $169.2 million
- Strategic move follows bond issuance to raise funds for BTC investments
Bitcoin Strategy Delivers Impressive Results
Metaplanet’s active Bitcoin investments yield significant returns:
- Yield of 41.7% between July and September 2024
- Surge to 309.82% in the following quarter
Projected Revenue and Operating Profit Increase
Company anticipates:
- 240% increase in annual revenue for 2024
- Earnings expected to reach $5.8 million
- Operating profit of $1.8 million anticipated
Investor Incentives
Metaplanet CEO Simon Gerovich announces:
Final date to purchase shares for Shareholder Benefits Program is December 26
Unique rewards include entry into Bitcoin lottery with 30 million yen worth of Bitcoin distributed to 2,350 shareholders.
This initiative is supported by a partnership with SBI VC Trade, a subsidiary of Japan’s financial giant SBI Holdings.
