Metaplanet revenue jumps 738% as Bitcoin generates 95% of sales

Metaplanet Inc., the Tokyo-listed investment firm often referred to as ‘Japan’s MicroStrategy,’ has reported a staggering 738% year-on-year increase in revenue for the third quarter of 2024. According to its latest financial disclosure, the company’s total revenue reached ¥1.27 billion (approximately $8.3 million). This massive growth is almost entirely driven by the firm’s strategic shift toward digital assets, with Bitcoin-related operations now generating approximately 95% of its total sales. Throughout the period, Metaplanet aggressively expanded its Bitcoin treasury, recently surpassing the 1,000 BTC milestone. The company’s ‘Bitcoin-first’ strategy has significantly transformed its financial profile, attracting global investor attention and positioning the firm as a leading institutional holder of cryptocurrency in Asia.

Source: Metaplanet revenue jumps 738% as Bitcoin generates 95% of sales