Metaplanet Reports $619 Million Loss As Bitcoin Holdings Take Hit

Tokyo-based Bitcoin treasury agency Metaplanet posted a web lack of 95 billion yen ($619 million) for fiscal 2025, pushed by a 102.2 billion yen ($665.8 million) valuation decline on its bitcoin holdings. 

The disclosure marks the most recent instance of a company bitcoin purchaser dealing with strain because the cryptocurrency’s worth slid from report highs in October.

The corporate closed the yr with 35,102 BTC, valued at roughly $2.4 billion, making Metaplanet the fourth-largest public company bitcoin holder globally, behind Technique. Because it started accumulating bitcoin 21 months in the past, Metaplanet has spent almost $3.8 billion, averaging $107,000 per coin.

As of December 31, the corporate’s holdings have been down roughly 37% on paper, representing an unrealized lack of about $1.4 billion. Within the fourth quarter alone, the stash misplaced 102 billion yen ($664 million) in worth.

Metaplanet’s income surge

Regardless of the valuation loss, the agency’s working efficiency confirmed important enchancment. Income jumped 738% to eight.91 billion yen ($58 million) from 1.06 billion yen ($6.9 million) the earlier yr, the corporate stated.

Working revenue surged 1,695% to six.29 billion yen ($41 million), pushed primarily by premiums from bitcoin possibility transactions, which accounted for about 95% of whole income.

The corporate’s largest acquisitions occurred when bitcoin traded above $100,000. Notable purchases included 25% development of its bitcoin holdings with a $630 million purchase in September at roughly $106,000 per coin, adopted by a $615 million acquisition in October close to $108,000.

The agency has funded its purchases largely via widespread inventory issuances, whereas additionally adopting most well-liked shares to safe further capital. Metaplanet launched MERCURY and MARS, its first most well-liked share choices in Japan, as a way to strengthen its steadiness sheet and create a buffer towards crypto market volatility. 

For fiscal 2026, Metaplanet forecasts income of 16 billion yen ($104 million) and working revenue of 11.4 billion yen ($74.3 million), reflecting roughly 80% development in each metrics. The corporate didn’t present web earnings steerage, citing ongoing bitcoin worth volatility, however reaffirmed a long-term goal of 210,000 BTC by 2027, equal to about 1% of the entire bitcoin provide.

Metaplanet’s inventory edged up barely to 326 yen on Monday, in line with Yahoo Finance, after a six-month decline exceeding 62%.

On the time of writing, Bitcoin is buying and selling close to $68,000.