Japan · Bitcoin · Strategy · Decrypt
The company’s stock closed at ¥327.00 on Wednesday, according to Yahoo Finance
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Despite a declining stock price, the company signaled that its investor base has widened to around 250,000 total shareholders compared with 63,600 last year.
Key facts
- During the period ended March 31, the Tokyo-based firm added 5,075 Bitcoin to its stockpile, a 14.5% increase quarter-over-quarter
- Metaplanet reported a first-quarter loss of $725 million (¥114.5 billion) on Wednesday, a sharp widening driven by a decrease in the value of its Bitcoin holdings
- Despite a declining stock price, the company signaled that its investor base has widened to around 250,000 total shareholders compared with 63,600 last year
- Since Metaplanet began accumulating Bitcoin in April 2024, the company has emerged as the digital asset’s third-largest corporate holder
Summary
Metaplanet reported a first-quarter loss of $725 million, a sharp widening compared to $31 million last year. The company reported a jump in revenue derived from selling Bitcoin options contracts at $15.8 million. The Tokyo-based company highlighted an expansion in its investor base, reaching 250,000 total shareholders during the period. Metaplanet reported a first-quarter loss of $725 million (¥114.5 billion) on Wednesday, a sharp widening driven by a decrease in the value of its Bitcoin holdings. During the period ended March 31, the Tokyo-based firm added 5,075 Bitcoin to its stockpile, a 14.5% increase quarter-over-quarter.