Metaplanet’s Revenue Soars 1,700% as Tokyo Exchange Plans Crypto Oversight

Japan's largest Bitcoin-holding company, Metaplanet Inc, reported a significant profit increase for Q3 2025.
Revenue surged 1,700% year-over-year to 4.3 billion yen, with net profits reaching 13.5 billion yen compared to a previous loss of 321 million yen.
Since shifting from hotel operations in 2024, Metaplanet has accumulated 30,823 BTC, becoming the fourth-largest publicly listed Bitcoin holder.
The company's balance sheet saw substantial growth with total assets at ¥550.7 billion and an equity ratio of 96.7%.
Despite strong financials, Metaplanet will not distribute dividends this year, focusing on strengthening its balance sheet instead.

Regulatory Developments

The Tokyo Stock Exchange is considering stricter oversight on firms heavily invested in cryptocurrencies.
This move comes as retail investors face losses due to declines in crypto-linked stocks.
Potential measures include stricter backdoor listing rules and mandatory fresh audits for companies with significant crypto holdings.
At least three companies have paused their crypto-buying plans following regulatory concerns.

Japan hosts 14 publicly listed Bitcoin-buying companies, the highest in Asia, but many have seen stock declines after early-year rallies.
Metaplanet’s shares rose over 400% earlier in the year but fell more than 75% from their peak in June.
Despite volatility, Metaplanet's earnings indicate successful financial performance from its crypto strategy.