Metapanet has provided Bitcoin Treasury Metapanet, the strongest quarter of all, as revenues increased by 41 % compared to the previous quarter.
Metaplanet witnessed a sharp click in net income
In new mail On x, metaplanet The figures related to the performance of the Q2 2024 participated, which revealed a significant growth in the quarter in many major standards. The Japanese company recorded revenues of 1.239 billion yen (8.4 million dollars) and a total profit of 816 million yen ($ 5.5 million), an increase of 41 % and 38 % compared to the last quarter, respectively. However, the biggest story is the dramatic shift in normal profit and net income.
The previous one was a loss of 6.9 billion yen in the first quarter, but it turned against a profit of 17.4 billion yen ($ 117.8 million) in the second quarter. Likewise, the latter moved from -5.0 million to +11.1 billion dollars ($ 75.1 million). The company’s net assets also increased to 201.0 billion yen ($ 1.36 billion), which corresponds to an increase of a quarter of a quarter by 299 %. “This is the most powerful in the history of Metlanite,” commented by Simon Jairovic, president of the company.
“The strategy is simple:” to accumulate as much bitcoin possible on behalf of our shareholders, “says Metaplanet, who moved to the Treasury model in Bitcoin last year. This approach is similar to the approach adopted by Michael Sailor Strategy (Previous Microstrategy).
Last quarter, it seems that the strategy has been apparently succeeded for Metilantan, as its standard quarter is supported by estimating the BTC reserves and continuous accumulation efforts.
On Tuesday, Jerovich Declare A new acquisition of the company includes 518 BTC. These symbols were bought at an average price of 118,519 dollars, which means that the total stack costs the company 61.4 million dollars.
After this purchase, the Bitcoin reserve from metaplanet grew to 18,113 BTC, with a cost of $ 1.85 billion. At the current exchange rate, the value of these holdings is $ 2.18 billion, which puts the company in a profit of 17.8 %.
While Treasury bonds such as the strategy and metaplanet are busy with purchase, some veteran players in the market use Bull Run prices for sale, as revealed by the Defi Institutional Solutions Sentora (former mail.
The trend in the holdings of the BTC HODLers over the cryptocurrency's history | Source: Sentora on X
From the above graph, it is clear that Bitcoin Long -term holder Their holdings were recently signed. This is not an unusual thing, as diamond hands moved to the sector historically to achieve their hard -winning profits during the major gatherings.
However, it is different this time the fact that the sale process was more gradual than previous sessions. Nevertheless, only time will be if this is an indication that the current cycle will be different or if this fact does not have any effect on its length.
Bitcoin price
At the time of writing this report, Bitcoin floats around $ 120,200, with an increase of more than 5 % over the past seven days.
Looks like the price of the coin has been climbing back to the all-time high | Source: BTCUSDT on TradingView
Distinctive image from Dall-I, IntothBlock.com, Chart from TradingView.com
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