The latest update is out from Metaplanet KK ( (JP:3350) ).
Metaplanet Inc. reported significant results for its Bitcoin Income Generation business in Q1 FY2025, earning 770.35 million yen in operating revenue. The company achieved this by selling cash-secured Bitcoin put options, allowing it to acquire more Bitcoin per yen deployed and enhancing capital efficiency. The revenue from this business line increased by 11.4% from Q4 FY2024, and the company is on track to meet its full-year revenue target of 3 billion yen, subject to market conditions.
More about Metaplanet KK
Metaplanet Inc. operates within the cryptocurrency industry, focusing on Bitcoin Treasury Operations. The company is engaged in generating recurring revenue and increasing long-term Bitcoin holdings through its Bitcoin Income Generation business line.
YTD Price Performance: 15.23%
Average Trading Volume: 46,181,396
Technical Sentiment Signal: Sell
Current Market Cap: Yen200.5B
See more data about 3350 stock on TipRanks’ Stock Analysis page.