Metaplanet Reports FY2025 Results as Bitcoin Unrealized Losses Top $1 Billion
Metaplanet reported a significant 738% increase in revenue for FY2025, reaching 8.9 billion yen, primarily driven by its Bitcoin income business. However, the company faced a net loss of 95 billion yen due to unrealized Bitcoin losses exceeding $1 billion, despite strong operational performance and a robust balance sheet. Looking ahead, Metaplanet anticipates continued growth with projected revenue of 16 billion yen for FY2026, indicating optimism about its future prospects.
Tokyo-based Metaplanet released its fiscal year 2025 results, reporting a 738% year-over-year increase in revenue. Despite the revenue surge, Bitcoin’s drawdown weighed heavily on the firm, as a non-cash valuation loss of 102.2 billion yen ($667.52 million) pushed the company into a net loss for the year. Revenue Soars, Net Loss Follows: Inside Metaplanet’s FY2025 Results Metaplanet’s FY2025 earnings report revealed revenue climbed to 8.9 billion yen ($58.12 million), up from 1.06 billion yen ($6.92 million) a year earlier. The company’s Bitcoin income business generated roughly 95% of total revenue. “We launched the Bitcoin Income business in Q4 2024. Since then, this strategy has become our primary revenue source and is expected to remain a core driver of profit growth,” the report read. Operating profit rose sharply to 6.28 billion yen ($41.01 million), marking a 1,694.5% increase year over year. Its shareholder base expanded significantly, growing from 47,200 at the end of 2024 to around 216,500 by the close of 2025. Total assets also surged, rising from 30.3 billion yen ($197.89 million) to 505.3 billion yen ($3.30 billion) over the same period. Despite the strong operational performance, the company posted a net loss of 95 billion yen ($620.17 million), after recording net income of 4.44 billion yen ($29.00 million) in 2024. The loss was primarily driven by valuation declines on its Bitcoin holdings. Bitcoin Valuation Loss Impact on Metaplanet. Source: Metaplanet Still, Metaplanet emphasized the strength of its balance sheet. The company said its liabilities and preferred stock would remain fully covered even in the event of an 86% drop in Bitcoin’s price, supported by an equity ratio of 90.7%. The company also outlined its outlook for this year. Metaplanet expects revenue to reach 16 billion yen ($104.49 million) in FY2026, representing a 79.7% increase year over year. Operating profit is projected to rise to 11.4 billion yen ($74.45 million), up 81.3% fro...
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