CMC News

#Metaplanet Reports $619M Net Loss as $BTC Holdings Surge to 35,102

Tokyo-based Metaplanet posted a net loss of 95 billion yen ($619 million) for the fiscal year that ended Dec. 31, driven primarily by valuation losses on its expanding Bitcoin #treasury. The company swung from a net income of 4.44 billion yen ($28.9 million) in 2024 to substantial losses this year.

The bottom-line decline stemmed from a 102.2 billion yen ($665.8 million) valuation loss on $BTC holdings, which Metaplanet classifies as a non-operating expense with no impact on cash flows or operating activities. The company emphasized that its #balancesheet remains robust despite the accounting loss.

Metaplanet's liabilities and preferred stock remain fully covered even with an 86% #Bitcoin price decline, supported by an equity ratio of 90.7%, according to its fiscal 2025 earnings presentation released Monday. The capital structure demonstrates resilience amid cryptocurrency market volatility.

Revenue for FY2025 reached 8.91 billion yen ($58 million), representing 738% growth from 1.06 billion yen ($6.9 million) in the prior year. Operating profit surged to 6.29 billion yen ($41 million) from 350 million yen ($2.28 million), marking a 1,695% increase.

Bitcoin-related operations generated 8.47 billion yen ($55.2 million) in revenue and 7.19 billion yen ($46.8 million) in operating income. The company derives income primarily from premium collections on $BTC option transactions.