Summary
- Metaplanet announced that it earned ₩10.3 billion in profits from Bitcoin in the second quarter.
- The company stated that all profits were used to purchase Bitcoin, raising the total holdings to 13,350 BTC.
- Metaplanet revealed that generating profits through cash-secured Bitcoin put option sales proves the strength of their business model.
Metaplanet generated ¥1,097,250,000 (₩10.3 billion) through Bitcoin (BTC) during the past second quarter.
On the 2nd (local time), Metaplanet announced in its official press release, "Revenue from the Q2 Bitcoin revenue-generating business reached ¥1,097,250,000, a 42.4% increase from the previous quarter," adding, "All profits were used to purchase Bitcoin, bringing the total holdings to 13,350 BTC." Metaplanet is known to have generated this revenue by selling cash-secured Bitcoin put options.
Simon Gerovich, CEO of Metaplanet, stated on X (formerly Twitter), "The sharp increase in the company's profits demonstrates the strength of a business model based on Bitcoin."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
