Metaplanet 因市場樂觀情緒而股價下跌，比特幣暴利達 2,800 萬美元

總部位於東京的科技公司 Metaplanet 透露，今年其比特幣持股大幅增加了 2,800 萬美元

Tokyo-based technology company Metaplanet has revealed a substantial $28 million increase in its Bitcoin holdings this year, coinciding with a period of strong growth in the cryptocurrency market. However, despite this success in digital assets, the firm's stock faced a downturn, falling 5% following the publication of its most recent financial results.

總部位於東京的科技公司 Metaplanet 透露，今年其比特幣持股大幅增加了 2,800 萬美元，恰逢加密貨幣市場的強勁成長時期。然而，儘管在數位資產領域取得了成功，該公司的股價卻面臨低迷，在最新財務業績公佈後下跌了 5%。

Metaplanet undertook an aggressive expansion of its Bitcoin portfolio, more than doubling its holdings from 492.82 BTC to 1,018.17 BTC by mid-November. This move was driven by the significant rise in Bitcoin's value. As the cryptocurrency surged by over 105% this year, hitting $87,000, Metaplanet's Bitcoin holdings saw a corresponding increase in value, pushing the company's holdings to $64 million.

Metaplanet 積極擴張其比特幣投資組合，到 11 月中旬，其持有量從 492.82 BTC 增加了一倍多，達到 1,018.17 BTC。這項舉措是由比特幣價值大幅上漲所推動的。隨著加密貨幣今年飆升超過 105%，達到 87,000 美元，Metaplanet 持有的比特幣價值也相應增加，將公司持有的比特幣推至 6,400 萬美元。

The company's decision to build its Bitcoin position during a period of market optimism was a key driver in the $28 million increase in the value of its crypto assets. This surge in Bitcoin's price has proven beneficial for Metaplanet, putting its Bitcoin portfolio at the center of its investment strategy.

該公司決定在市場樂觀時期建立比特幣地位，這是其加密資產價值增加 2,800 萬美元的關鍵驅動因素。事實證明，比特幣價格的飆升對 Metaplanet 有利，使其比特幣投資組合成為其投資策略的核心。

Beyond acquiring Bitcoin, Metaplanet is exploring new strategies to leverage its growing crypto portfolio. The company has begun venturing into Bitcoin options trading, using Bitcoin or cash as collateral to generate premium income. This move is part of Metaplanet's broader effort to diversify its revenue streams and increase operational income while continuing to expand its Bitcoin holdings.

除了收購比特幣之外，Metaplanet 還在探索新的策略來利用其不斷增長的加密貨幣投資組合。該公司已開始涉足比特幣選擇權交易，使用比特幣或現金作為抵押品來產生溢價收入。此舉是 Metaplanet 更廣泛努力的一部分，旨在實現收入來源多元化並增加營運收入，同時繼續擴大其比特幣持有量。

Metaplanet has also introduced a metric similar to MicroStrategy's “BTC Yield” as part of its official performance evaluation. This new Key Performance Indicator (KPI) is designed to assess how the firm's Bitcoin investments impact shareholder returns and help guide future acquisition decisions.

Metaplanet 也引入了類似 MicroStrategy 的「BTC 收益率」的指標，作為其官方績效評估的一部分。這項新的關鍵績效指標（KPI）旨在評估公司的比特幣投資如何影響股東回報並幫助指導未來的收購決策。

“We plan to continue expanding our Bitcoin holdings through a combination of capital market activities and operational income, as market conditions allow,” Metaplanet stated in its financial report.

Metaplanet 在其財務報告中表示：“我們計劃在市場條件允許的情況下，透過資本市場活動和營運收入相結合，繼續擴大我們的比特幣持有量。”

However, despite the success of its Bitcoin-focused strategy, Metaplanet reported a net loss of $2.1 million for the first nine months of 2024. While this marks an improvement from the $2.7 million loss reported for the same period in 2023, it still reflects ongoing financial struggles outside of its cryptocurrency investments.

然而，儘管以比特幣為中心的策略取得了成功，但Metaplanet 報告2024 年前9 個月的淨虧損為210 萬美元。反映出持續的虧損其加密貨幣投資以外的財務困境。

On a more positive note, the company saw a 46.3% year-over-year increase in revenue, which rose to $1.7 million. This growth was driven by the company's hotel business and digital asset ventures, showing that Metaplanet's operations are generating some positive cash flow, even though it is still grappling with losses.

更積極的一面是，該公司的收入年增 46.3%，達到 170 萬美元。這一成長是由該公司的酒店業務和數位資產企業推動的，這表明 Metaplanet 的業務正在產生一些正現金流，儘管該公司仍在應對虧損。

However, despite these efforts, Metaplanet's stock dropped by 5% on Tuesday, closing at 1,766 JPY (approximately $11.41). This decline reflects investor concern over the company's ability to convert its digital asset gains into sustainable profitability.

然而，儘管做出了這些努力，Metaplanet 的股價週二還是下跌了 5%，收在 1,766 日圓（約 11.41 美元）。這種下降反映出投資者對該公司將數位資產收益轉化為可持續獲利能力的能力的擔憂。

While Metaplanet's Bitcoin strategy has undeniably been lucrative, the firm's stock performance reveals the complexities of balancing digital asset investments with traditional business models. Investors are evidently cautious, as the drop in stock price highlights the risks that still accompany the company's approach.

雖然 Metaplanet 的比特幣策略無疑是有利可圖的，但該公司的股票表現揭示了平衡數位資產投資與傳統商業模式的複雜性。投資人顯然持謹慎態度，因為股價下跌凸顯了該公司的做法仍存在風險。

The volatility of the crypto market is always a significant factor, and Metaplanet's stock drop underscores how quickly market sentiment can shift, even in the face of strong Bitcoin performance. The company's growing Bitcoin holdings are an asset, but the firm will need to demonstrate a consistent ability to translate this success into long-term growth across all sectors of its business.

加密貨幣市場的波動始終是重要因素，Metaplanet 的股價下跌凸顯了即使面對強勁的比特幣表現，市場情緒也能快速轉變。該公司不斷增長的比特幣持有量是一項資產，但該公司需要表現出一致的能力，將這一成功轉化為所有業務部門的長期成長。