Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Metaplanet is projected to achieve its first annual operating profit in the fiscal year 2024 since 2017

Metaplanet is projected to achieve its first annual operating profit in the fiscal year 2024 since 2017

Bitget2024/12/18 00:52
BTC-2.50%

According to an announcement by Metaplanet Inc., Metaplanet is expected to achieve its first annual operating profit since 2017 in the fiscal year of 2024. The company anticipates a revenue of 890 million yen and an operating profit of 270 million yen for the fiscal year of 2024, compared to a revenue of 261 million yen and an operating loss of 468 million yen in the fiscal year of 2023. This growth is attributed to strong performance in hotel business and income contribution from Bitcoin put options, totaling approximately 520 million yen. Meanwhile, the company currently holds about 1142.287 Bitcoins with unrealized gains amounting to approximately 7.446 billion yen as of today.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
The whale heavily invested in Chinese Meme coins at high prices has accumulated a loss of $3.598 million.
2
Federal Reserve Governor Milan: Credit issues may signal overly tight policy

Crypto prices

More
Bitcoin
Bitcoin
BTC
$107,869.81
-2.61%
Ethereum
Ethereum
ETH
$3,716.07
-4.08%
Tether USDt
Tether USDt
USDT
$0.9999
+0.01%
XRP
XRP
XRP
$2.41
-5.45%
BNB
BNB
BNB
$1,019.15
-6.05%
Solana
Solana
SOL
$175.91
-5.22%
USDC
USDC
USDC
$0.9999
+0.01%
TRON
TRON
TRX
$0.2922
-1.19%
Dogecoin
Dogecoin
DOGE
$0.1747
-6.29%
Cardano
Cardano
ADA
$0.5773
-5.66%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter