Metaplanet Reports FY2025 Results as Bitcoin Unrealized Losses Top $1 Billion

Tokyo-based Metaplanet reported significant growth in its fiscal year 2025, with revenue increasing 738% year-over-year to 8.9 billion yen, largely driven by its Bitcoin Income business which accounted for 95% of total revenue. Operating profit also rose sharply by 1,694.5%. However, despite strong operational performance, the company recorded a net loss of 95 billion yen ($620.17 million), primarily due to a non-cash valuation loss of 102.2 billion yen on its substantial Bitcoin holdings. Metaplanet holds 35,102 BTC, making it Japan's largest corporate holder, but its average acquisition cost of $107,716 per BTC has resulted in approximately $1.35 billion in unrealized losses given the current trading price. The company remains confident in its balance sheet strength, projecting continued revenue growth of nearly 80% for FY2026.

(Source：BeInCrypto)