Metaplanet is set to achieve its first operating profit in seven years, projecting 890 million Japanese yen ($5.8 million) in revenue for the fiscal year ending December 31, 2024, largely due to Bitcoin put options sales. The Tokyo-based investment firm, which has pivoted to Bitcoin as a treasury asset, plans to formalize Bitcoin accumulation and management as a new business line while continuing to leverage put options for revenue. With 1,142 Bitcoin valued at approximately $119.4 million, Metaplanet is now the second-largest corporate Bitcoin holder in Asia.