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Metaplanet KK ( (JP:3350) ) has provided an update.
Metaplanet Inc. reported a significant financial turnaround for 2024, driven by its adoption of a Bitcoin Treasury Strategy, which resulted in a 306% revenue increase and first-time operating profitability since 2017. The company has successfully expanded its Bitcoin holdings to 1,762 BTC, positioning itself for continued growth with an ambitious target to increase holdings to 21,000 BTC by 2026, thus reinforcing its leadership in Bitcoin adoption and strategy.
More about Metaplanet KK
Metaplanet Inc. is a leading player in the Bitcoin Treasury industry in Asia, focusing on capital markets initiatives and Bitcoin accumulation. Their primary service is the strategic management and growth of Bitcoin holdings, and they are known for their innovative financial strategies aimed at maximizing their Bitcoin exposure while ensuring a strong balance sheet.
YTD Price Performance: 57.18%
Average Trading Volume: 4,506,758
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen198.4B
For an in-depth examination of 3350 stock, go to TipRanks’ Stock Analysis page.
