Tokyo-listed investment firm Metaplanet generated 592 million yen ($4 million) in operating profit in Q1 2025, mainly through bitcoin income strategies. The firm's bitcoin holdings increased significantly, reaching 6,796 BTC after acquiring over 5,000 BTC during the quarter. This aggressive accumulation strategy has positioned Metaplanet as the 11th largest public company in the world by bitcoin holdings and the largest in Asia. The company achieved 68% of its 10,000 BTC target following the adoption of a bitcoin standard in April 2024. To finance its bitcoin investments, Metaplanet raised 86.1 billion yen through bond sales and equity issuance, making it the largest equity issuer in Japan for the year. The company's metrics indicate a 170% year-to-date increase in BTC Yield, tracking bitcoin per fully diluted share. Despite a recent dip in share price, Metaplanet's stock has appreciated by 65.8% year-to-date, reflecting positive trends in both its performance and the value of bitcoin.

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