Metaplanet, a venture capital firm from Tokyo, anticipates record profit this year mainly due to Bitcoin integration into its investments.
Metaplanet's Revenue Projections
Metaplanet expects revenue of approximately 890 million yen, equivalent to 5.8 million USD, this year. Last year, their revenue was only 261 million yen. The company's operating profit reached 270 million yen, while last year it recorded a loss of 468 million yen. A significant portion of its income comes from selling Bitcoin put options, generating about 520 million yen.
Bitcoin Investments
In April, Metaplanet decided to add Bitcoin as part of its treasury strategy to protect against currency devaluation. They also plan to leverage Bitcoin investments to increase the company's value and stock price. By obtaining a license to publish a Japanese version of Bitcoin Magazine, the company intends to expand media projects related to promoting Bitcoin.
Business Strategy and Future Plans
Metaplanet aims to establish a formal business line for Bitcoin collection and management using loans, equity, and other financial instruments. Selling options remains a principal revenue source, enabling investors to secure a minimum selling price. Metaplanet ranks as Asia's second-largest corporate Bitcoin holder, with 1,142 BTC valued at 119.4 million dollars.
Metaplanet's focus on Bitcoin not only enhances their financial metrics but also positions them as leaders in the cryptocurrency market.
