Metaplanet Navigates Bitcoin Volatility with Revenue Growth and Expansion Plans

Tokyo-based Bitcoin treasury firm Metaplanet reported a net loss of 95 billion yen ($605 million) for fiscal year 2025, primarily due to a 102.2 billion yen ($650 million) valuation decline in its Bitcoin holdings CoinDesk. Despite this loss, the company demonstrated significant operational improvements and reaffirmed its long-term strategy.

Bitcoin Holdings and Market Impact

As of December 31, 2025, Metaplanet held 35,102 Bitcoin, valued at approximately $2.4 billion Yahoo Finance. The company began accumulating Bitcoin 21 months ago and has invested nearly $3.8 billion, averaging $107,000 per coin. The year-end valuation loss reflects the impact of Bitcoin’s price decline from its peak near $125,000 to below $90,000.

Revenue Surge Driven by Options Trading

Metaplanet experienced a substantial increase in revenue, jumping 738% to 8.91 billion yen ($58 million) from 1.06 billion yen ($6.9 million) the previous year CoinDesk. Operating profit surged 1,695% to 6.29 billion yen ($40.8 million), largely driven by premiums earned from Bitcoin option transactions, which accounted for approximately 95% of total revenue CoinDesk.

Strategic Financing and Future Outlook

Metaplanet funded its Bitcoin acquisitions primarily through common stock issuances and introduced preferred share offerings – MERCURY and MARS – to bolster its balance sheet and mitigate the impact of crypto market volatility Yahoo Finance. For fiscal year 2026, the company forecasts revenue of 16 billion yen ($104 million) and operating profit of 11.4 billion yen ($74.3 million), representing approximately 80% growth in both metrics CoinDesk.

Long-Term Bitcoin Accumulation Target

Despite market fluctuations, Metaplanet remains committed to its long-term goal of accumulating 210,000 Bitcoin by 2027, equivalent to approximately 1% of the total Bitcoin supply Yahoo Finance. To achieve this, the company needs to acquire roughly 175,000 additional Bitcoin at current levels Yahoo Finance.

Stock Performance

Metaplanet’s stock price saw a slight increase to 326 yen on Monday, February 16, 2026, following a six-month decline exceeding 62% CoinDesk.