Metaplanet remains steadfast in betting on Bitcoin: aiming for 16 billion yen in revenue by 2026, with BTC impairment turning into an opportunity for strategic deployment

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January 26 News, after the Bitcoin price correction triggered huge unrealized losses, Japan Tokyo-listed company Metaplanet Inc. announced its latest earnings revision and financial outlook for 2026. This company, known for its Bitcoin asset allocation, emphasized that despite accounting pressures, its long-term digital asset strategy remains firm.

According to disclosures, Metaplanet has raised its revenue forecast for fiscal year 2025 to 8.9 billion yen, with an expected operating profit of 6.3 billion yen, mainly driven by its Bitcoin income business. This segment generated premium income through Bitcoin-related options and structured strategies, performing especially well in Q4. The company also expanded financing flexibility by issuing preferred shares and establishing credit lines, making capital operations more efficient, while its hotel business maintained stable cash flow.

However, the decline in Bitcoin’s price at the end of December 2025 triggered a market value revaluation under Japanese accounting standards, leading Metaplanet to record an impairment loss of approximately 104.6 billion yen, with an expected full-year net loss of about 76.6 billion yen. Management pointed out that this is a non-cash loss and does not affect the company’s actual holdings of 35,102 Bitcoins or daily operations. Meanwhile, the weakening of the Japanese yen provided a hedge against USD-denominated assets. After excluding exchange rate effects, the net decrease in Bitcoin assets was approximately 82 billion yen.

Looking ahead to fiscal year 2026, Metaplanet provided a more aggressive guidance, expecting revenue to rise to 16 billion yen and operating profit to reach 11.4 billion yen. The company believes that as its Bitcoin holdings expand, its income-generating strategies will continue to contribute premium income, providing stable support for financial performance. Although no net profit forecast was provided, management admitted that Bitcoin price volatility is too high to give an accurate range.

As one of the most aggressive enterprise Bitcoin holders in Asia, Metaplanet’s core goal remains to increase Bitcoin holdings per share. Even after the impairment impact, the company continues to build a Bitcoin-centric balance sheet and plans to release its final fiscal year 2025 financial report on February 16.

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