Metaplanet’s BTC Holdings Net $35M in Unrealized Gains This Year

Metaplanet Rides Bitcoin Rally to $36M in Unrealized Gains, Plans Aggressive Expansion

Metaplanet (3350) has emerged as one of 2024’s top-performing publicly traded companies, reporting an unrealized profit of approximately $36 million (5.46 billion yen) on its bitcoin holdings. The firm currently holds 1,761 BTC, acquired for a total of $137 million.

Over the past year, Metaplanet’s investor base skyrocketed by 500%, reaching 50,000 shareholders—a reflection of growing institutional and retail interest in its bitcoin-focused strategy.

To further expand its BTC reserves, the company outlined a two-pronged approach: issuing debt through secured and convertible bonds backed by bitcoin collateral, and raising equity through private placements, preference shares, and warrants. Revenue generated from its business operations will also contribute to acquisitions.

Metaplanet has set ambitious targets, aiming to increase its bitcoin holdings to 10,000 BTC by the end of 2025 and 21,000 BTC by the close of 2026. To fund this expansion, the firm plans to issue 21 million shares in moving strike warrants.

As a result, Metaplanet’s stock has seen strong momentum, climbing 8% on Monday and boasting a 64% gain year-to-date.