Japanese-listed Metaplanet announced on December 18 that it will officially launch Bitcoin Treasury as a new business. 🌟
- The move, approved by the board of directors, is part of the company's strategy to integrate Bitcoin into its financial framework.
- Metaplanet will focus on buying, holding, and managing Bitcoin through financial instruments such as lending, issuing shares, and convertible bonds.
- The company will also generate revenue from selling Bitcoin put options and use Bitcoin Magazine Japan's exclusive license to develop BTC-related marketing and education activities.
Metaplanet is on track to post its first consolidated operating profit in seven years, with projected revenue of 890 million yen for the fiscal year ending December 31. 🚀