Bitcoin HODLer Metaplanet Achieves $35M Unrealized Gains in 2024 Thanks to BTC Treasury

Bitcoin HODLer Metaplanet Achieves $35M Unrealized Gains in 2024 Thanks to BTC Treasury

Metaplanet Named 2024’s Best-Performing Equity, Plans Major Bitcoin Expansion

Japanese investment firm Metaplanet (3350) has declared itself the top-performing publicly listed company of 2024, citing a significant unrealized gain of $36 million (5.46 billion yen) from its Bitcoin holdings. The firm currently holds 1,761 BTC, acquired for $137 million, and has ambitious plans to expand its Bitcoin portfolio.

Metaplanet announced that it grew its shareholder base by 500% in 2024, reaching 50,000 investors. To further bolster its Bitcoin accumulation strategy, the company outlined multiple funding approaches, including debt issuance through secured bonds, convertible bonds, and using Bitcoin as collateral. Additionally, equity issuance via private placements, preference shares, and warrants will support its expansion.

The company aims to acquire 10,000 BTC by the end of 2025 and a total of 21,000 BTC by the close of 2026, issuing 21 million shares in moving strike warrants to fund its strategy.

On Monday, Metaplanet's stock surged 8%, bringing its year-to-date gains to 64%, reinforcing its position as a leader in Bitcoin-focused investment strategies.