Metaplanet Reports $619 Million Loss as Bitcoin Holdings Take Hit

Tokyo-based Bitcoin treasury firm Metaplanet reported a net loss of 95 billion yen ($619 million) for fiscal 2025, primarily caused by a 102.2 billion yen ($665.8 million) valuation drop in its substantial Bitcoin reserves. This reflects the pressure on corporate Bitcoin buyers following the cryptocurrency's price slide from record highs. Metaplanet holds 35,102 BTC, making it the fourth-largest public corporate holder, with an average purchase price of $107,000 per coin. Despite the paper loss, the company saw strong operational performance, with revenue surging 738% to 8.91 billion yen, largely driven by premiums from Bitcoin option transactions. The firm funded its purchases through stock issuances and preferred shares like MERCURY and MARS to buffer volatility, and maintains a long-term goal of accumulating 210,000 BTC by 2027.

(Source：Bitcoin Magazine)