Based on Coinpedia, Metaplanet Inc., a Japanese company, has reported record-breaking profits in 2024, driven by its strategic Bitcoin investments. The company's stock surged by 1,947% over the year, reaching approximately ¥3,480 by December 31, 2024. Metaplanet now holds 1,761 Bitcoins, making it the 15th largest publicly traded company in Bitcoin holdings globally. This growth has led to its first annual consolidated operating profit since 2017, amounting to around ¥270 million on revenue of about ¥890 million. The company's success mirrors the strategy of MicroStrategy Inc., which also heavily invests in Bitcoin. Metaplanet's achievements include obtaining a license for Bitcoin Magazine Japan, set to launch in Q1 2025. The company is listed on the OTCQX platform under the ticker MTPLF, expanding its global investor reach. As Bitcoin adoption by institutions rises, Metaplanet anticipates Bitcoin's price could reach $200,000 in 2025.
Metaplanet's Bitcoin Holdings Drive 1,947% Stock Rally in 2024
KuCoin NewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.