The strategy won an additional 7,633 BTC, increasing unrealized profits to more than $17 billion on February 9th.
Meanwhile, Metaplanet reported that 85% of its net profit in 2024 was attributed to its holdings of Bitcoin (BTC), an unrealized profit of nearly $36 million.
The company said it intends to increase Bitcoin Stash to 10,000 BTC by the end of 2025 and 25,000 BTC by the end of 2026.
Strategy boosts Bitcoin Treasury
February 10th Strategy announcement It added 7,633 BTC to the Ministry of Finance, which amounts to 478,740 BTC as of press time. Bitcoin yields that year reached 4.1%.
According to data from Bitcoin Treasuries, Strategy holds nearly 12 times more Bitcoin than Marathon Digital, the second largest BTC holder among public companies.
Considering that the company’s average cost per BTC is $62,691, its unrealized profit is over $17 billion based on a Bitcoin price of $97,405.80 at press time.
Bitcoin-driven growth
As of February 10, Metaplanet’s Bitcoin Stash stood at 1,762 BTC, acquired through internally generated capital and structured financial products.
In April 2024, Metaplanet officially moved from a hotel-centric business to a Bitcoin finance company. Last year, the company raised more than $150 million to acquire BTC.
By the end of the year, its Bitcoin Holdings was 14 times higher than its market capitalization in April 2024, and was the largest public BTC holder in Asia and one of the top 15 in the world.
Metaplanet is Japan’s only Bitcoin proxy investment and is a key driver of the company’s metrics’ significant growth.
Metaplanet currently operates two profitable businesses, adding Bitcoin revenue generation to the hotel operations. Bitcoin revenue generation allocates approximately 5% of the funds raised to monetize Bitcoin volatility through an option strategy.
Additionally, the company plans to reform the Tokyo-based hotel to a Bitcoin-themed location to bridge the two industries.
Since adopting Bitcoin, Metaplanet has seen its shareholders increase by 500% and its market capitalization has increased by more than 100 times. Furthermore, stock trading volumes rose 430 times in 2024 compared to 2023.
Revenue
Metaplanet reported net income for the fiscal year was 639.7 billion yen, worth $42.1 million. This is our first operating profit since 2017.
Furthermore, Metaplanet’s total assets rose sharply to 30,325 million yen, up 1,720% in 2023. The company emphasized that future capital raising will be directed towards Bitcoin accumulation rather than covering operating expenses.
“BTC yield” also rose by nearly 310% last year. This performance indicator represents a quarterly change in Metaplanet’s BTC holdings and its completely diluted, unpaid shares.
The company aims to grow its stash to 21,000 BTC by the end of 2026. Metaplanet announced its bond issue on February 10th to achieve this goal. Japanese companies are expected to close 2025 at 10,000 BTC at the Ministry of Finance.
The company is also aiming to maximize BTC per share, shifting away from its Fiat-based financial strategy. We are committed to maintaining sustainable operating profits while expanding our Bitcoin Holdings.
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