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Metaplanet Crushes Q2 Estimates as Bitcoin Income Business Booms

  • Metaplanet reported a 42% quarter-over-quarter jump in earnings from its BTC income operations, surpassing the projected growth rate for the S&P 500.
  • The company now holds 13,350 BTC, ranking fifth among global public companies holding Bitcoin, thanks to its structured income model tied to Bitcoin derivatives.
  • Metaplanet's strategy involves selling cash-secured Bitcoin put options to generate revenue and expand its holdings in a disciplined and risk-managed approach.
  • The firm is well on track to meet its full-year revenue forecast of ¥3.4 billion, with significant revenue expected from its Bitcoin income division alone, showcasing its success in accumulating BTC and ensuring cash flow.

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