Strategy acquires another 7,633 Bitcoin amid downturn, Metaplanet eyes 10,000 BTC stash by year-end

Strategy acquired an additional 7,633 BTC and elevated its unrealized profit to over $17 billion on Feb. 9.

Meanwhile, Metaplanet reported that 85% of its 2024 net income was attributed to Bitcoin (BTC) holdings, with nearly $36 million in unrealized profits.

The firm said it intends to increase its Bitcoin stash to 10,000 BTC by the end of 2025 and 25,000 BTC by the end of 2026.

Strategy boosts its Bitcoin treasury

On Feb. 10, Strategy announced the addition of 7,633 BTC to its treasury, which amounts to 478,740 BTC as of press time. Its year-to-date Bitcoin yield reached 4.1%. 

According to Bitcoin Treasuries data, Strategy now holds nearly 12x more Bitcoin than Marathon Digital, the second-largest BTC holder among publicly listed companies,

Considering the firm’s average cost per BTC of $62,691, its unrealized profit is over $17 billion based on Bitcoin’s price at $97,405.80 as of press time.

Bitcoin-driven growth

As of Feb. 10, Metaplanet’s Bitcoin stash stood at 1,762 BTC, acquired through internally generated capital and structured financial instruments. 

In April 2024, Metaplanet formally transitioned from a hotel-focused business to a Bitcoin Treasury Company. Last year, the firm raised over $150 million to acquire BTC.

By year-end, its Bitcoin holdings were 14x higher than its market capitalization in April 2024, positioning it as Asia’s largest public BTC holder and one of the top 15 globally.

Metaplanet is the only Bitcoin-proxy investment in Japan, which has been a key factor in driving significant growth in the company’s metrics. 

Metaplanet now operates two revenue-generating businesses, adding the Bitcoin Income Generation to its hotel operations. The Bitcoin Income Generation allocates approximately 5% of raised funds to monetize Bitcoin volatility through option strategies.

Additionally, the company plans to reform its Tokyo-based hotel to be a Bitcoin-themed location in an effort to bridge the two industries.

Since adopting Bitcoin, Metaplanet has recorded a 500% increase in the number of its shareholders, while its market cap has grown over 100x. Additionally, its stock trading volume in 2024 was up 430x  compared to 2023.

Earnings

Metaplanet reported a net income of ¥6.397 billion for the fiscal year, worth $42.1 million. This is its first operating profit since 2017. 

Furthermore, Metaplanet’s total assets surged to ¥30,325 million, a 1,720% increase over FY 2023. The company emphasized that future capital raises will be directed toward Bitcoin accumulation rather than covering operating expenses.

The “BTC Yield” also grew by nearly 310% last year. This performance indicator represents the quarterly change in the ratio between Metaplanet’s BTC holdings and its Fully Diluted outstanding shares.

The firm aims to grow its stash to 21,000 BTC by the end of 2026. Metaplanet announced over $26 million in bond issuance on Feb. 10 to fulfill this goal, with the money earmarked to acquire more BTC. The Japanese firm intends to finish 2025 with 10,000 BTC in its treasury.

The firm is also aiming to maximize BTC per share, shifting away from fiat-based financial strategies. It has committed to maintaining a sustainable operating profit while expanding its Bitcoin holdings.

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