**Metaplanet Eyes First Profit in Seven Years with Bitcoin Strategy**

Tokyo-based investment firm Metaplanet is set to report its first consolidated operating profit since 2017, thanks to its strategic pivot to Bitcoin. After adding the cryptocurrency to its balance sheet in April, the company expects to generate 890 million yen ($5.8 million) in revenue for the fiscal year ending Dec. 31, 2024, a significant jump from 261 million yen last year.

The firm attributes much of this success to selling Bitcoin put options, which have brought in 520 million yen. Metaplanet is also expanding its Bitcoin operations, planning to establish a formal business line for Bitcoin accumulation and management.