🎉Since adopting a Bitcoin financial strategy, Metaplanet may welcome its first profitable year in seven years
Japanese investment company Metaplanet, which incorporated Bitcoin into its balance sheet since 2017, is expected to celebrate its first profitable year this year. This also marks a core key role in the company's success in its Bitcoin financial strategy.
On December 18, Metaplanet announced that it expects revenue for this fiscal year to reach 890 million yen (approximately 5.8 million USD), significantly up from 261 million yen in the previous fiscal year, with operating profit expected to be 270 million yen, successfully turning a loss after a previous loss of 468 million yen. This achievement is mainly due to the company selling Bitcoin put options, which generated 520 million yen in revenue.
Metaplanet’s Bitcoin strategy has not only driven an increase in company value and stock price but also reflects a trend of more companies adopting Bitcoin strategies this year. The company stated that besides Bitcoin fund operations, the strong performance of its hotel business is also one of the important factors in achieving operating profit.
As a Tokyo-listed company, Metaplanet began heavily investing in Bitcoin in April, viewing it as an asset to hedge against currency depreciation. The Royal Oak Hotel, owned and operated by its subsidiary Wen Tokyo Co., also contributed to the company's revenue.
Metaplanet stated that it will establish "Bitcoin accumulation and management" as a formal business line, planning to purchase and hold Bitcoin using financial instruments such as loans, equity, and convertible bonds, while continuing to sell put options as a primary source of income, relying on selling put option contracts to obtain premiums.
Additionally, Metaplanet plans to gain extra income from Bitcoin-related marketing activities through operating the Japanese version of the news agency "Bitcoin Magazine." Currently, Metaplanet holds 1,142 Bitcoins, valued at approximately 119.4 million USD, making it the second-largest Bitcoin holder in Asia after Boya Interactive.
To further accumulate Bitcoin, Metaplanet announced on December 16 the issuance of bonds worth nearly 4.5 billion yen (approximately 30 million USD) and plans to issue an additional 5 billion yen of private placement ordinary bonds.
Michael Saylor recently praised Metaplanet's strategic performance; this success story not only validates the potential of Bitcoin strategies but also provides a reference for other companies.
