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Metaplanet Bitcoin Holdings Skyrocket, Fueling Record-Breaking Profits in 2024!
As the year comes to a close, it’s no surprise that the focus remains on Metaplanet Inc.’s astonishing performance. In an unprecedented move, the company has taken its Bitcoin holdings to new heights, reaching approximately 1,761 units.
This staggering increase has led to record-breaking profits in 2024, with consolidated operating revenue exceeding ¥890 million and projected operating profit of around ¥270 million. The remarkable growth is largely attributed to institutional investors’ growing interest in cryptocurrency adoption, as witnessed by the market’s resilience despite ongoing corrections.
Notably, Metaplanet’s stock market listing on OTCQX under ticker MTPLF has opened doors for global access, further solidifying its status as a leading player in the industry. This pivotal move is expected to significantly enhance investor participation and drive future growth.
In an unexpected twist, Metaplanet’s Bitcoin portfolio has catapulted it to 15th position among publicly traded companies holding this digital currency. This remarkable feat underscores the unbridled enthusiasm surrounding cryptocurrency adoption and its transformative impact on the global financial landscape.
It is imperative to acknowledge that the U.S. government remains the largest holder of Bitcoin, having seized around 183,850 BTC through criminal investigations and auctions.
Metaplanet’s Bitcoin price forecast for 2025 is equally noteworthy, with predictions suggesting a potential rally towards $200K as widespread adoption becomes more mainstream, particularly in the United States.
Source: coinpedia.org
