Slide 1: Secure the Future with Bitcoin: Fiscal Year 2024 Earnings Presentation
Secure the Future with Bitcoin METAPLANET INC FISCAL YEAR 2024 EARNINGS PRESENTATION
Slide 2: Notice Regarding Forward Looking Statements
NOTICE REGARDING FORWARD LOOKING STATEMENTS FORWARD-LOOKING STATEMENTS The information provided in this presentation includes forward-looking statements. Forward-looking statements involve various known and unknown risks and uncertainties, which may cause actual results to differ significantly from th
Slide 3: Bitcoin Quotes
“Never sell your Bitcoin” “The United States needs a - 45th & 47th President of the Strategic Bitcoin Reserve” United States, Donald J. Trump - U.S. Senator Cynthia Lummis “It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling
Slide 4: Business Results
BUSINESS RESULTS
Slide 5: Management Discussion & Outlook
MANAGEMENT DISCUSSION & OUTLOOK In 2024, Metaplanet pursued a focused, high-conviction Bitcoin strategy, becoming the best-performing stock worldwide—outpacing every index, asset class, and public company¹. No other corporation moved faster or more decisively toward a Bitcoin Standard. In under a ye
Slide 6: Metaplanet Is a Bitcoin Treasury Company
METAPLANET IS A BITCOIN TREASURY COMPANY Leveraging capital markets to increase total Bitcoin holdings and grow BTC per share
Slide 7: Metaplanet Has No Price Target for Bitcoin
METAPLANET HAS NO PRICE TARGET FOR BITCOIN OUR TIME HORIZON IS FOREVER ∞ / 21,000,000
Slide 8: Metaplanet Is a Bitcoin Treasury Company
METAPLANET IS A BITCOIN TREASURY COMPANY Debt issuance (secured bonds, convertible bonds, Bitcoin collateralized) + Equity issuance (private placement, preference shares, convertible bonds, warrants) = + Cash flows from business operations Goal: Maximizing Bitcoin (Bitcoin income generation strategie
Slide 9: Metaplanet Highlights
METAPLANET HIGHLIGHTS #1 Performer 1,762 Bitcoin ¥22.8 billion Ranked #1 out of 55,000 publicly listed Accumulated since adopting the Raised to Purchase Bitcoin in 2024 companies globally in 2024¹ Bitcoin Standard on 4/8/24 50k Shareholders +100x Growth #15 Ranking Globally +500% Shareholder Growth
Slide 10: Milestones in Year 1 of Bitcoin Standard
MILESTONES IN YEAR 1 OF BITCOIN STANDARD 1/20/25 - Reached 11/7/24 - Reached $1b market cap $500m market cap 10/28/24 - 7/26/24 - Acquired Surpassed 1,000 License to Bitcoin Total Bitcoin Magazine Japan 1/28/25 - “21m Plan”, 21m shares of 0% Discount MS Warrants (~$750m) 6/24/24 - Raised ~$6.5m (¥1b
Slide 11: Financial Results
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Slide 12: FY2024 Consolidated Financial Summary
FY2024 CONSOLIDATED FINANCIAL SUMMARY Note: On January 6, 2025, Metaplanet completed the full exercise of its 12th Series Stock Acquisition Rights, raising ¥9.5 billion, which was immediately used to redeem the ¥9.5 billion in non-interest-bearing bonds issued in December 2024 in connection with the
Slide 13: Operating Income
OPERATING INCOME Metaplanet underwent a strategic transformation, from a hotel-focused business to a Bitcoin Treasury Company, with the new Bitcoin-first strategy officially announced on April 8, 2024. ❏ FY2023 financials reflect a hotel-only business, while FY2024 marks our first year operating under the
Slide 14: FY2024 Revenues
FY2024 REVENUES Metaplanet initiated its Bitcoin Income Generation strategy in Q4 2024, which is expected to be the primary revenue driver going forward. JPY in millions 2024 Revenue Bitcoin Income Generation Hotel Business 689.9 35.5% 65.5% 90.3 84.0 84.4 82.2 121.7 Q4 2023 Q1 2024 Q2 2024 Q3 2024
Slide 15: FY2024 Income Breakdown
FY2024 INCOME BREAKDOWN JPY in millions 400.6 6,393.8 5,457.6 185.2 350.4 Income / (Loss) Bitcoin Valuation Other Extraordinary 2024 Pre-Tax from Operations Gain / Loss Non-Operating Items Net Income Items
Slide 16: Bitcoin Valuation Gain
BITCOIN VALUATION GAIN JPY in billions 5.46 Unrealized Gain Aggregate Bitcoin Cost Basis 20.87 3.75 1.45 Q2 2024 Q3 2024 Q4 2024
Slide 17: Bitcoin Treasury Operations
BITCOIN TREASURY OPERATIONS
Slide 18: Asia's Leading Bitcoin Treasury Company
ASIA’S LEADING BITCOIN TREASURY COMPANY In 2024, Metaplanet made significant strides in executing its Bitcoin treasury strategy, reinforcing its position as Asia’s leading publicly traded Bitcoin Treasury Company. Our approach is rooted in a long-term vision: leveraging Bitcoin as a superior reserve
Slide 19: Key Performance Indicator: BTC Yield
KEY PERFORMANCE INDICATOR: BTC YIELD BTC Yield is the % change period-to-period of the ratio between Bitcoin Holdings and Fully Diluted Shares Outstanding
Slide 20: Positive Impact of Bitcoin Treasury Operations
POSITIVE IMPACT OF BITCOIN TREASURY OPERATIONS Growth in Total Bitcoin Holdings significantly outpaced the increase in Fully Diluted Shares Outstanding 1,762 49,960 +1,393% +115% 22,769 118 Fully Diluted Shares Outstanding (Thousands) Total Bitcoin Holdings Please refer to the Appendix for a definitio
Slide 21: Key Performance Indicator: BTC Yield
KEY PERFORMANCE INDICATOR: BTC YIELD +309.84% BTC Yield Bitcoin per Thousand Fully Diluted Shares 0.035987 +41.72% BTC Yield 0.008781 0.006196 Q2 2024 Q3 2024 Q4 2024 “BTC Yield” is a KPI (key performance indicator) that represents the % change period-to-period of the ratio between our bitcoin holdi
Slide 22: Metaplanet's Bitcoin Treasury
METAPLANET’S BITCOIN TREASURY 1,761.98 Bitcoin acquired for 20.872 1762 1762 billion yen at an average price of 11,846,002 yen per Bitcoin 1142 1018 360 399 246 118 141 May Jun Jul Aug Sep Oct Nov Dec Jan Note: For a detailed breakdown of Total Bitcoin Holdings, Aggregate Cost Basis, and Average Cos
Slide 23: Value of Metaplanet's Bitcoin Treasury
VALUE OF METAPLANET’S BITCOIN TREASURY 26.28 Value of Metaplanet’s Bitcoin treasury 25.86 since adoption of Bitcoin standard (JPY in Billions) 16.54 11.19 3.12 3.70 2.44 1.26 1.38 May Jun Jul Aug Sep Oct Nov Dec Jan Note: For a detailed breakdown of Total Bitcoin Holdings, Aggregate Cost Basis, and
Slide 24: Metaplanet's Bitcoin Gains
METAPLANET’S BITCOIN GAINS ¥5.46 billion in unrealized gains on a total of 1,761.98 Bitcoin acquired for ¥20.872 billion as of close of Q4 2024 May Jun Jul Aug Sep Oct Nov Dec Jan Note: For a detailed breakdown of Total Bitcoin Holdings, Aggregate Cost Basis, and Average Cost Basis over time, please
Slide 25: Increasing Bitcoin per Fully Diluted Share
INCREASING BITCOIN PER FULLY DILUTED SHARE Change in BTC per Thousand Fully Diluted Shares MS Warrants ¥9.5b raised over 11 trading days as ~8% of trading volume Current BTC per Thousand Fully Diluted Shares +42.8% Straight Bond ¥1.75b of 1-year Rights Issue 0.36% ordinary bonds ¥10b free rights iss
Slide 26: Track Record of Equity Financing for BTC
TRACK RECORD OF EQUITY FINANCING FOR BTC INITIAL ❏ Timeline: April 2024 - June 2024 ❏ 6.7m shares of outstanding 2023 warrants INVESTMENT IN ❏ ¥200 exercise price BITCOIN STRATEGY ❏ Proceeds: ¥1.34b (~$8.6m) ❏ 18.167m shares (free rights to all shareholders), 100% exercise rate SHAREHOLDER ❏ ¥555 ex
Slide 27: FY2025 Outlook & Guidance
“-METAPLANET A FY2025 * OUTLOOK & GUIDANCE
Slide 28: Fiscal Year 2025 Outlook
FISCAL YEAR 2025 OUTLOOK Note: Due to Bitcoin price volatility, the company is unable to provide a definitive forecast for its value as of December 31, 2025. As a result, forecasts for ordinary profit and net income are not included.
Slide 29: Metaplanet Bitcoin Plan
METAPLANET BITCOIN PLAN 21K BTC Acquire 21,000 BTC by year-end 2026 Join 0.1% Club to own 1/1000th of all Bitcoin that will ever exist. 2025 Target Acquire 10,000 Bitcoin by year-end 2025 10K BTC Phase 1: Equity The issuance of 21 million shares in (21 Million Plan) moving strike warrants represents
Slide 30: BTC Target of 21,000 BTC by 2026
BTC TARGET OF 21,000 BTC BY 2026 10,000 Bitcoin target officially set for the end of 2025 in our ‘2025-2026 Bitcoin Plan’ 21,000 10,000 1762 399 141 Q2 2024 Q3 2024 Q4 2024 Q4 2025 Q4 2026 Note: The breakdown shown across 2025-2026 is illustrative and may vary depending on market conditions. Figure in
Slide 31: 2025 Guidance: Target Quarterly BTC Yield of 35%
2025 GUIDANCE: TARGET QUARTERLY BTC YIELD OF 35% BTC Yield is the % change period-to-period of the ratio between Bitcoin Holdings and 309.84% Fully Diluted Shares Outstanding 35% BTC Yield Quarterly Target 41.72% 35% 35% 35% 35% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 “BTC Yield" is a KPI (k
Slide 32: Key Metrics
KEY METRICS
Slide 33: Metaplanet Market Cap & Bitcoin Treasury
METAPLANET MARKET CAP & BITCOIN TREASURY $1.37b Metaplanet Market Cap (USD) 4/8/24 - Announcement of adoption of Bitcoin Standard $172m $183m Metaplanet Bitcoin Treasury (USD) Market Cap on 4/8/24 $14m Note: Approximate figures as of February 6, 2025
Slide 34: Key Metrics: Equity Market Liquidity
KEY METRICS: EQUITY MARKET LIQUIDITY $2.07b $1.70b $1.73b Monthly Trading Volume (USD billion) since Adoption of Bitcoin Standard $0.52b $0.42b $0.37b $0.25b $0.18b $0.17b $0.04b April May Jun Jul Aug Sep Oct Nov Dec Jan Note: Approximate figures as of February 3, 2025
Slide 35: Rapid Expansion of Our Shareholder Base
RAPID EXPANSION OF OUR SHAREHOLDER BASE 13,774 shareholders participated in our ¥10B 47,292 Rights Issue, directly supporting our Bitcoin 41,553 accumulation strategy 37,537 29,796 10,854 DEC 2023 JUN 2024 SEP 2024 OCT 2024 DEC 2024 Note: Some of our shareholders are foreign securities firms like Int
Slide 36: Bitcoin Magazine Japan
BITCOIN MAGAZINE JAPAN
Slide 37: Bitcoin Education & Media
BITCOIN EDUCATION & MEDIA Metaplanet is committed to advancing Bitcoin education and awareness in Japan and beyond. As part of this mission, we operate Bitcoin Magazine Japan, the country’s leading Bitcoin-only publication, with a focus on deepening understanding, fostering adoption, and promoting t
Slide 38: Bitcoin Hotel
BITCOIN HOTEL
Slide 39: The Bitcoin Hotel Concept
THE BITCOIN HOTEL CONCEPT Hotel Royal Oak Gotanda is undergoing a rebranding and will be reborn as “The Bitcoin Hotel". Serving as a Bitcoin-centric accommodation hub, it will welcome not only our existing guests but also Bitcoiners from around the world, while providing a space where those unfamili
Slide 40: Appendix
APPENDIX
Slide 41: Net Income Before Tax
NET INCOME BEFORE TAX (JPY in Thousands) Fy2023 FY2024 Bitcoin Bitcoin Hotel Corporate . Hotel Corporate . Pace Business and Other Gennes aerate Business and Other Gace Net Income Before Tax / (Loss) Total Revenues 261,633 261,633 689,874 372,409 1,062,283 Total Cost of Revenues 49,943 49,943 2,550
Slide 42: Metaplanet Bitcoin Plan
METAPLANET BITCOIN PLAN Link to Presentation
Slide 43: Bitcoin Purchases
BITCOIN PURCHASES As of February 6, 2025, Metaplanet Inc. has publicly disclosed the above details about its Total Bitcoin Holdings, accumulated as part of the Company’s Bitcoin Treasury Operations, which became an official business line on December 18, 2024. The Company has strategically grown its To
Slide 44: BTC Yield: Our KPI Explained
BTC YIELD: OUR KPI EXPLAINED As previously disclosed, BTC Yield is a key performance indicator (KPI) that reflects the percentage change in the ratio of Total Bitcoin Holdings to Fully Diluted Shares Outstanding over a given period. The Company uses BTC Yield to assess the performance of its Bitcoin
Slide 45: Disclaimer
DISCLAIMER This document is intended to provide information about the company’s financial status and business operations and is not intended to solicit investments in any securities issued by the company. Please make any investment decisions at your own discretion. The opinions, forecasts, and other
Slide 46: Contact
CONTACT @MetaPlanet_JP metaplanet.jp contact@metaplanet.jp +81-3-6772-3696 Tokyo Stock Exchange: (3350) (JP) // OTCQX: MTPLF (USA)
Slide 47: LANV 1d VLaW
LANV 1d VLaW