The firm pointed out that its ordinary profit surged to ¥17.4 billion ($117.8 million), up from a ¥6.9 billion loss in Q2 2024.
At the same time, its revenue climbed 41% quarter-over-quarter (QoQ) to ¥1.239 billion ($8.4 million), while gross profit grew 38% QoQ to ¥816 million ($5.5 million).
Metaplanet stated that it had acquired 18,113 BTC as of Aug. 12, including 16,351 BTC bought this year alone. These holdings have generated an unrealized profit of over ¥55 billion (equivalent to $342 million).
Metaplanet had previously set an ambitious goal of acquiring 210,000 BTC, roughly 1% of Bitcoin’s total supply, by 2027.
The firm stated that this planned acquisition would require around $20 billion in funding, which it intends to raise through preferred and common share offerings.
As a result, the Bitcoin-focused firm plans to launch Metaplanet Prefs, a perpetual preferred equity program backed by the top crypto.
With Japan’s household wealth estimated at $14.9 trillion, including $7.6 trillion in cash deposits and $9.5 trillion in the fixed income market, the company sees a significant opportunity to channel dormant capital into yield-bearing Bitcoin assets.
So, its Metaplanet Prefs initiative aims to issue BTC-backed instruments across various credits and maturities, targeting Japan’s fixed-income market.
In its earnings presentation, the company emphasized that this strategy represents the next stage of its mission to transform Japan’s capital markets digitally.
It added:
“The digital transformation of capital rivals that of communications and commerce. We believe this $100+ trillion opportunity positions Metaplanet to lead in the Japanese capital markets.”
It also highlighted that it would leverage its strong balance sheet and credit profile to deliver innovative, yield-focused products.
