“Metaplanet’s bitcoin income generation business generated about $55 million in annual revenue by 2024.”, — write: www.coindesk.com
The purchase, at an average price of $105,412, took its total to 35,102 BTC, the fourth largest of any publicly traded company. It has a target of owning 210,000 BTC by the end of 2027.
Metaplanet has now spent some $3.78 billion, at an average purchase price of $107,607, according to the company’s dashboard. The company’s shares rose 8% this year, to close at 405 yen ($2.60). Still, they’re down 80% from the all-time high they touched in June.
The company has also built a bitcoin income generation business that uses derivatives to produce recurring revenue while supporting long-term bitcoin holdings. The company said it expects the unit to generate around $55 million in revenue for the full fiscal year.
The firm’s multiple to net asset value (mNAV), a metric that measures a company’s enterprise value relative to its bitcoin net asset value, calculated as market capitalization plus total debt divided by bitcoin NAV hovers just above 1.
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Prediction markets show traders clustering around a $2 billion–$3 billion range, with odds for $4 billion and $6 billion outcomes falling steadily after October’s crash.
- Lighter’s LIT token has not yet begun open trading, but its premarket valuation is already sparking debate, with estimates ranging from $2 billion to over $3 billion.
- The fully diluted valuation (FDV) of LIT is a contentious topic, as it reflects potential market value based on maximum token supply, which can be misleading without considering liquidity.
- Premarket trading suggests a valuation above $3 billion, but prediction markets show uncertainty, with traders on Polymarket giving even odds for LIT exceeding this figure.
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