Metaplanet Releases Q1 Financial Report: Company's Quarterly Performance Hits Record High Thanks to Bitcoin Reserve Strategy

Japanese listed company Metaplanet announced its Q1 financial report this morning. The report indicates that Metaplanet achieved the best performance in the company's history this quarter, with revenue reaching $6.139 million, an 8% increase quarter-on-quarter and a 943% surge year-on-year. Profits reached $4.151 million, an 11% increase quarter-on-quarter, with 88% of the revenue coming from Bitcoin options sales.
Additionally, the company currently holds 6,796 Bitcoins, with a target to reach a reserve of 10,000 Bitcoins by the end of the year.