Metaplanet Forecasts 81% Operating Profit Growth in 2026 Despite Bitcoin Valuation Loss

Metaplanet expects operating profit to climb 81% in 2026 after posting a 17 fold increase last year, driven largely by premiums earned from writing options.

The firm reported operating profit of 6.29 billion yen ($40.8 million) in 2025, while revenue jumped 738% to 8.9 billion yen. Options premiums alone surged to 7.98 billion yen, highlighting the growing contribution of derivatives strategies to earnings.

Bitcoin Holdings Impact Net Income

Despite strong operating performance, the company recorded a non-cash valuation loss of 102.2 billion yen ($650 million) as Bitcoin fell from its peak near $125,000 to below $90,000 by year-end. Net income consequently swung to a 95 billion yen loss.

Metaplanet holds 35,102 BTC worth over $2.4 billion, projects 2026 revenue of 16 billion yen and operating profit of 11.4 billion yen, underscoring continued reliance on its bitcoin treasury strategy.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.