PANews reported on February 10 that according to CoinDesk, Metaplanet, a Japanese listed company, announced its full-year financial results for 2024. The 1,761 bitcoins it purchased for $137 million currently bring in about $36 million (5.46 billion yen) in unrealized gains. The company said it expanded its shareholder base by 500% in 2024 to 50,000 shareholders.

Metaplanet has multiple ways to increase its Bitcoin holdings per share. The first is through the issuance of debt, which includes the issuance of secured bonds, convertible bonds, and the use of Bitcoin as collateral. According to the introduction, the second way is to issue shares through private placement, including preferred shares, convertible bonds, and warrants, plus cash flow from business operations.

The company plans to purchase 10,000 bitcoins by the end of 2025 and 21,000 bitcoins by the end of 2026. This will be achieved by issuing 21 million mobile-exercise warrants. Metaplanet shares rose 8% on Monday, bringing their year-to-date gain to 64%.