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