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Metaplanet KK ( (JP:3350) ) has shared an announcement.
Metaplanet Inc. has reported significant growth in its Bitcoin Income Generation business, with third-quarter revenue reaching JPY 2.438 billion, a 115.7% increase from the previous quarter. This strong performance has led to a revision of the company’s full-year earnings forecast, doubling the expected consolidated revenue and significantly increasing the operating profit forecast, highlighting the company’s strategic focus on expanding its Bitcoin operations and enhancing shareholder value.
The most recent analyst rating on (JP:3350) stock is a Buy with a Yen2400.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
More about Metaplanet KK
Metaplanet Inc. operates in the cryptocurrency industry, focusing on Bitcoin Income Generation. The company aims to generate stable operating revenue while accumulating Bitcoin at scale, utilizing strategies such as selling Bitcoin options to capitalize on Bitcoin’s volatility.
Average Trading Volume: 41,836,272
Technical Sentiment Signal: Hold
Current Market Cap: Yen583B
See more insights into 3350 stock on TipRanks’ Stock Analysis page.