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Metaplanet has unveiled its 2024 financial results, revealing an impressive $36 million unrealized gain from its substantial bitcoin holdings. The company, known for its crypto-forward stance, currently owns 1,761 BTC acquired at a cost of $137 million, showcasing its commitment to digital assets as a key financial strategy.
The firm has embraced innovative methods to boost bitcoin holdings per share. By leveraging secured and convertible bonds and using bitcoin as collateral, Metaplanet has established a solid foundation for future acquisitions. Additional strategies include issuing preference shares and warrants, all while reinvesting cash flow from operations. This multi-faceted approach underscores the company’s dedication to increasing its crypto treasury.
Looking ahead, Metaplanet aims to acquire 10,000 BTC by the end of 2025 and 21,000 BTC by the close of 2026. With plans to issue 21 million moving-strike warrants, the company is setting a strong precedent in the corporate world by embracing bitcoin as a cornerstone of its growth strategy.
