Tokyo-listed investment company Metaplanet (3350) generated operating profit of 592 million yen ($4 million) in the first quarter of 2025, primarily through its Bitcoin-based revenue strategy.
The company reported revenue of 877 million yen, with 88% coming from options premium harvest in Bitcoin BTC$102,577.20according to the first quarter revenue release.
Metaplanet’s Bitcoin Stash reached 6,796 BTC in the quarter, exceeding over 5,000 BTC. According to the document, the company has achieved its 10,000 BTC target of 68%, just over four months after adopting the Bitcoin standard on April 8, 2024.
This aggressive accumulation has helped Bitcoin Holdings to become the 11th largest public company globally and become the top of Asia. The company recently overtook El Salvador on metrics.
To fund the accumulation of BTC, Metaplanet sold bonds, issued shares and sold mobile strike stock warrants that were only activated when the stock price rose. The company raised 86.1 billion yen through this mechanism, making it the largest public stock issuer in Japan to date.
Metaplanet’s capital strategy relies on the use of operating cash flow and market-grown funds to Bitcoin. That number jumped 170% since the beginning of the year.
Tokyo Stock Exchange Metaplanet stocks fell 2.47% to 593 yen each in the previous trading session. The company’s shares have increased 65.8% since the start of the year, while BTC has increased 8.45% over the same period.
