4 months ago
Metaplanet (3350) announced full-year 2024 fiscal results and is present sitting connected an unrealized summation of astir $36 cardinal (5.46 cardinal yen) connected a full of 1,761 BTC, acquired for $137 million.
The bitcoin capitalist said it accrued its shareholder basal by 500% to 50,000 successful 2024.
Metaplanet has respective ways of expanding bitcoin holdings per share. The archetypal is indebtedness issuance, which is achieved done secured bonds, convertible bonds, and the usage of bitcoin arsenic collateral.
The 2nd is equity issuance done backstage placement, penchant shares, convertible bonds and warrants connected apical of currency travel from concern operations, according to the presentation.
The steadfast plans to get 10,000 BTC by the extremity of 2025 and 21,000 BTC by 2026-end. This volition beryllium achieved by issuing 21 cardinal shares successful moving onslaught warrants.
Metaplanet shares were up 8% connected Monday and up 64% twelvemonth to date.
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