Metaplanet, a Tokyo-listed Bitcoin treasury company, has raised its revenue and operating income forecasts for 2025 and issued much higher guidance for 2026, even as it flagged a large non-cash Bitcoin write-down that is set to dominate its annual results.

In a notice released on Monday, the company said its Bitcoin income generation business is expected to deliver stronger-than-expected performance, particularly in the final quarter of the year.

However, Metaplanet also projected a steep ordinary loss and net loss for 2025, driven largely by accounting adjustments tied to Bitcoin’s valuation at year-end.

The company is scheduled to file its full-year results on Feb. 16.

Revenue upgrade driven by Bitcoin income generation

Metaplanet said it now expects 2025 revenue of 8.905 billion Japanese yen, or around $58 million, based on its updated guidance.

The company also raised its operating income forecast to $40 million, signalling improved performance at the operating level despite broader market volatility affecting its holdings.

Management said Q4 2025 revenue from its Bitcoin income generation business “is expected to significantly exceed initial projections,” which led it to lift full-year revenue guidance for that segment to about $55 million.

That compares with around $40 million previously announced, showing a sharp upgrade in the contribution from its Bitcoin-linked revenue stream.

Large impairment set to drive headline loss

Even with the stronger operating forecasts, Metaplanet expects to report a deep annual loss for 2025.

The company projected an ordinary loss of $632 million and a net loss of $491 million. These figures are largely attributed to a Bitcoin impairment loss estimated at roughly $680 million to $700 million, which is expected to be recognised in its year-end reporting.

Metaplanet explained that the impairment is a “non-cash accounting adjustment reflecting period-end price fluctuations” and said it has no direct impact on its cash flows or day-to-day operations.

The notice linked the impairment to quarter-end mark-to-market accounting treatment and referenced Bitcoin holdings valued at year-end prices, with Bitcoin shown at $87,876 in the disclosure.

BTC holdings and treasury metrics expand sharply

Metaplanet also reported rapid growth in its Bitcoin treasury business during 2025, underlining how the company has built up its exposure to Bitcoin while developing income generation activities around its holdings.

BTC holdings rose from 1,762 BTC at the end of 2024 to 35,102 BTC at the end of 2025, showing a significant increase in the company’s balance sheet allocation.

It also reported BTC yield per diluted share of 568% for the year. The company uses this metric to measure how much Bitcoin backing each diluted share has increased, offering a per-share view of its Bitcoin accumulation.

While the impairment is expected to weigh heavily on reported net results, Metaplanet’s updated figures suggest it is still expanding its treasury position and Bitcoin-linked operations at a pace.

2026 guidance rises but earnings remain uncertain

For 2026, Metaplanet forecast revenue of around $103 million and operating income of $73 million, representing a sharp step up from its 2025 targets.

The company said almost all of its 2026 revenue is expected to come from the Bitcoin income generation business, reinforcing the segment’s central role in its business model.

Metaplanet also projected selling, general and administrative expenses of about $29 million for 2026 as it ramps up operations.

However, it said it will not provide guidance for ordinary income or net income for 2026 due to the difficulty of forecasting Bitcoin prices, signalling that future reported earnings could remain volatile even if operating performance strengthens.

The company added that it publishes daily data on its BTC holdings, unrealised gains and losses, and related metrics, offering investors regular visibility into how price swings affect its treasury position.

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Metaplanet boosts forecasts despite Bitcoin write-down clouding annual results

Source: https://coinjournal.net/news/metaplanet-boosts-forecasts-despite-bitcoin-write-down-clouding-annual-results/ ***

Metaplanet has once again expanded its Bitcoin (BTC) holdings, purchasing 5,419 BTC in a move worth more than $627 million.

The acquisition, disclosed on September 22, lifts the Tokyo-listed company’s reserves to 25,555 BTC, valued at over $2.7 billion.

With this purchase, the firm has re-entered the top five corporate Bitcoin holders, surpassing rivals such as Tesla and Coinbase, and has firmly established itself as Asia’s largest public holder of the digital asset.

Metaplanet’s largest purchase to date

Notably, the latest acquisition is the biggest single purchase in Metaplanet’s history. The company paid an average of roughly $115,900 per BTC, spending nearly 94 billion yen in total.

The acquisition has increased its cumulative Bitcoin investments to 398.21 billion yen, or about $2.67 billion, with an average purchase price of just over $104,000 per BTC.

The Chief Executive, Simon Gerovich, noted that the company’s Bitcoin Yield has surged to 395.1% year-to-date in 2025.

The rapid pace of accumulation underscores just how aggressive Metaplanet has become in executing what it describes as its “Bitcoin-first” strategy.

In mid-April this year, the firm held just 4,525 BTC. By June, it had already reached 10,000 BTC, months ahead of schedule. From 13,350 BTC at the end of June, Metaplanet has nearly doubled its reserves in less than three months.

From hospitality to a Bitcoin powerhouse

Metaplanet’s transformation has been dramatic. Once engaged in hospitality and media, the company has reinvented itself as a corporate Bitcoin treasury under Gerovich’s leadership.

The company now positions itself as a regional counterpart to Michael Saylor’s Strategy, whose 638,985 BTC holdings dominate the corporate Bitcoin landscape.

The strategy is ambitious. Metaplanet’s immediate target is 10,000 BTC by the end of 2025. By 2026, it aims to hold 100,000 BTC, before scaling to 210,000 BTC by 2027 — roughly 1% of Bitcoin’s fixed supply.

To fund these moves, the firm has leaned heavily on capital markets. Earlier this month, it completed an international share sale that raised more than $1 billion, while in September alone, it issued 385 million new shares to raise $1.4 billion.

Most of the proceeds are earmarked for Bitcoin purchases, linking investor funds directly to its treasury expansion.

Market impact

Despite the bold progress, Metaplanet’s share price dropped 1.64% on the day of the announcement, extending a 28% decline over the past month.

Even so, the stock remains up more than 66% year-to-date, reflecting ongoing investor interest in its role as a proxy for Bitcoin exposure.

The firm’s upgrade to mid-cap status by FTSE Russell this September has also strengthened its visibility, bringing passive inflows from global index funds.

The broader market reaction was muted, with Bitcoin (BTC) itself slipping below $115,000 around the same time, dragged lower by technical resistance, whale activity, and regulatory headlines.

Nevertheless, Metaplanet’s willingness to buy during periods of weakness underscores its conviction that Bitcoin is a long-term store of value rather than a short-term trade.

The post Metaplanet adds another 5,419 BTC, achieves 395.1% YTD Bitcoin yield in 2025 appeared first on CoinJournal.

Metaplanet adds another 5,419 BTC, achieves 395.1% YTD Bitcoin yield in 2025

Source: https://coinjournal.net/news/metaplanet-adds-another-5419-btc-achieves-395-1-ytd-bitcoin-yield-in-2025/

Japanese Bitcoin treasury firm Metaplanet announced Monday that it purchased an additional 136 BTC for about $15.2 million, as it continues to build its cryptocurrency reserves.

CEO Simon Gerovich said in a post on X that the purchase was made at an average price of roughly $111,666 per Bitcoin.

The new acquisition brought Metaplanet’s total holdings to 20,136 BTC, acquired at approximately $2.08 billion based on the company’s cumulative purchase price of $103,196 per bitcoin.

According to BitcoinTreasuries data, Metaplanet now ranks sixth globally among publicly traded companies with Bitcoin reserves, behind Strategy, Mara, XXI, Bitcoin Standard Treasury Company, and Bullish.

Michael Saylor’s Strategy remains the largest corporate holder, with 636,505 BTC.

Metaplanet has acquired 136 BTC for ~$15.2 million at ~$111,666 per bitcoin and has achieved BTC Yield of 487% YTD 2025. As of 9/8/2025, we hold 20,136 $BTC acquired for ~$2.08 billion at ~$103,196 per bitcoin. $MTPLF pic.twitter.com/nwEAv0NzQq

— Simon Gerovich (@gerovich) September 8, 2025

Shares of Metaplanet dipped following the announcement. The stock slipped 1.2% around midday Monday in Japan, while US-traded shares closed down 1.6% at $4.86 on Friday.

The company’s stock has dropped 30% over the past month but remains up 101% year-to-date.

El Salvador adds Bitcoin on anniversary

In a separate development, El Salvador President Nayib Bukele said Monday that the country acquired an additional 21 BTC to mark “Bitcoin Day,” the anniversary of the law making the cryptocurrency legal tender in September 2021.

The purchase brought El Salvador’s total holdings to 6,313 BTC, according to its Bitcoin Office.

The move comes after a July report from the International Monetary Fund, which stated that El Salvador had not added to its bitcoin reserves since signing a $1.4 billion loan agreement in December 2024 that required it to scale back purchases.

Bitcoin price outlook

Bitcoin steadied near $111,300 on Monday after gaining nearly 3% last week, rebounding from three consecutive weeks of declines.

The price remains below its all-time high of $124,474 but has recovered modestly amid improved risk sentiment in global markets and growing expectations of a Federal Reserve interest rate cut.

Technical indicators show momentum improving.

The Relative Strength Index (RSI) on the daily chart stood at 46 and pointed upward toward its neutral 50 level, signalling that bearish momentum is fading.

If Bitcoin sustains its recovery, analysts see potential for a move toward resistance near $116,000.

Ethereum has been trading in a narrow range between $4,232 and $4,488 over the past nine days.

It was last seen near $4,300 after rebounding from its lower boundary.

A daily close above $4,488 could open the path toward its record high of $4,956 if support at $4,232 continues to hold.

The post Metaplanet buys 136 BTC, total holding reaches 20,136 appeared first on CoinJournal.

Metaplanet buys 136 BTC, total holding reaches 20,136

Source: https://coinjournal.net/news/metaplanet-buys-136-btc-total-holding-reaches-20136/