Metaplanet is expected to achieve its first comprehensive operating profit in seven years

ChainCatcher news, Metaplanet expects to achieve its first comprehensive operating profit in seven years after adding cryptocurrency to its balance sheet.

It stated that it expects to generate revenue of 890 million yen (approximately 5.8 million USD) for the fiscal year ending December 31, 2024, compared to revenue of only 261 million yen in the previous fiscal year. Operating profit is expected to reach 270 million yen, an improvement from a loss of 468 million yen last year.

Metaplanet indicated that this revenue primarily comes from the sale of Bitcoin put options, which generated 520 million yen for the company.