Peter Smith
⬤ Metaplanet just dropped its FY2025 numbers, and they're wild. Revenue hit ¥8.9 billion—a 738% jump year over year—while the company's Bitcoin stash ballooned from 1,762 BTC to 35,102 BTC. That puts Metaplanet firmly in the camp of companies treating crypto like a core treasury asset, not just a side bet. The move aligns with the company's ambitious goal to buy 210,000 Bitcoin by 2027. With BTC hovering around $68,882 during the session, the timing of the disclosure shows how corporate crypto strategies can move in lockstep with live market action.
⬤ The BTC holding increase is massive by any measure. Going from under 2,000 coins to over 35,000 in a single fiscal year signals serious conviction, and it positions Metaplanet among the most aggressive corporate Bitcoin adopters out there. The company has been consistently expanding its Bitcoin holdings with purchases throughout the period, banking on long-term appreciation even as short-term volatility rattles the price charts.
⬤ But here's the catch: Metaplanet also reported roughly ¥102.2 billion in unrealized valuation losses. That's not a trading loss—it's a mark-to-market hit reflecting how BTC's price swings can reshape a company's reported financials overnight. As one analyst noted, "The combination of rapid BTC treasury growth and large unrealized valuation losses reinforces how corporate crypto exposure can become a notable part of headline financial reporting." It's a reminder that when you hold tens of thousands of BTC, every price dip shows up loud and clear in your filings.
⬤ The Metaplanet update matters because it ties together revenue growth, massive BTC accumulation, and valuation sensitivity in one package. With Bitcoin trading around $68,630 support, the market's paying close attention to how corporate balance sheets amplify the narrative around price moves—even when no new buys are announced. For traders watching the intersection of corporate finance and crypto markets, this disclosure is a clear signal that BTC exposure at scale is becoming a headline number all on its own.
Peter Smith
