Metaplanet Reports Significant Bitcoin Profit in Q2 2024

02 July, 2025, 02:29 PM

Metaplanet, a pioneering Japanese firm embracing Bitcoin as a core treasury asset, has announced a substantial profit in its Q2 2024 earnings report. According to a public filing, the company's Bitcoin holdings generated a profit of 1.097 billion yen (₩10.3 billion) during the quarter. This marks a notable 42% increase compared to the previous quarter, demonstrating the effectiveness of Metaplanet's strategic Bitcoin investment. As of June 2024, Metaplanet holds a total of 13,350 BTC, further solidifying its position as a significant player in the Bitcoin space. The company's bold move reflects a growing trend of publicly traded entities recognizing Bitcoin's potential as a store of value and inflation hedge. This positive performance may encourage other companies to explore similar strategies. ```