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Key Takeaways
Japan-listed Bitcoin treasury firm Metaplanet is doubling down on its massive Bitcoin bet, even after reporting more than $600 million in unrealized BTC valuation losses for FY2025.
The company says it’s still on track to accumulate 1% of Bitcoin’s total supply by 2027, a target that would require buying roughly 175,000 more BTC over the next two years.
Metaplanet’s Bitcoin Losses
Metaplanet said it posted revenue of 8.905 billion yen ($58 million), up 738% year-on-year, and operating profit of 6.287 billion yen, up 1,694%, according to its earnings report.
The company held 35,102 Bitcoins as of Dec. 31, 2025, up sharply from 1,762 a year earlier.
However, it recorded an unrealized valuation loss of about 102.2...