Bitcoin income windfall drives Metaplanet to revise full-year revenue forecast upward

Tokyo-listed Metaplanet expects its revenue to nearly double this year, revising its full-year FY2025 forecast upward following a volatile end to 2025 where it posted a significant paper loss due to a Bitcoin correction. The company's success is attributed to its expanding Bitcoin Income Generation business, which uses its substantial BTC holdings (around 35,102 BTC) as collateral for structured option strategies to generate revenue. For FY2025, revenue reached 8.9 billion yen, up 31% from earlier projections, though a Q4 write-down on Bitcoin holdings resulted in ordinary and net losses. Looking ahead to FY2026, Metaplanet forecasts 16 billion yen in revenue, with 97.5% expected to come from its Bitcoin-linked activities, while its hotel business remains stable. The company also bolstered its capital structure through the issuance of preferred equity (MERCURY and MARS) and a $500 million credit facility.

(Source：CoinDesk)