Metaplanet Reports Bitcoin Loss, Increases 2025 Forecast, Eyes 2026 Growth

Metaplanet, a major corporate Bitcoin holder, released its earnings update for fiscal 2025 and forecasts for 2026. Despite a significant accounting loss last year due to Bitcoin price drops, the firm raised its revenue and profit outlook for 2025.

Metaplanet holds 35,102 BTC, significantly increasing from 1,762 BTC a year ago.
The company acquired 4,279 BTC in Q4 2025.
An impairment loss of approximately 104.6 billion yen was recorded due to Bitcoin price decline.
The expected net loss for fiscal 2025 is 76.6 billion yen.
A weaker yen partially mitigated the reduction in Bitcoin asset value to about 82 billion yen.
The impairment is non-cash and does not affect daily operations or holdings.

Increased Earnings Forecast for 2025

Revenue forecast increased from 6.8 billion yen to 8.905 billion yen.
Operating profit revised up to 6.287 billion yen.
The improvement is driven by Bitcoin income generation business leveraging options linked to Bitcoin markets.

2026 Outlook

Forecasted revenue for 2026 is 16 billion yen with an operating profit of 11.4 billion yen.
Growth expected from Bitcoin income business.
Targeting accumulation of 100,000 BTC by end of 2026.

Final fiscal 2025 results will be released on Feb. 16.