Metaplanet posted sharp gains in FY2025, with revenue rising to ¥8.91 billion, up 738% from a year earlier, while operating profit climbed to ¥6.29 billion, a 1,695% increase. The Tokyo-based company tied the performance to its aggressive Bitcoin accumulation strategy.
By the end of the fiscal year, Metaplanet held 35,102 BTC. According to the company, that makes it the largest Bitcoin holder in Japan and the fourth-largest among publicly listed companies globally. CEO Simon Gerovich said the company’s aggressive stance on Bitcoin contributed directly to the jump in revenue and profit.
Bitcoin treasury expanded from 1,762 BTC to over 35,000 BTC
Metaplanet said its Bitcoin treasury grew from 1,762 BTC to more than 35,000 BTC in a short period. The company also said its holdings now account for about 0.16% of total global Bitcoin supply, with a stated target of reaching 1% of global Bitcoin by 2027.
To fund acquisitions and expand its balance sheet, the firm issued MERCURY-class preferred shares and raised more than ¥500 billion. It also raised ¥21.249 billion through private placements of Class B Preferred Shares, carrying an annual return of 4.9%. Those transactions added liquidity and supported continued Bitcoin purchases.
Operating margin hit 70.6% as FY2026 outlook points higher
Beyond its Bitcoin treasury strategy, Metaplanet highlighted a diversified financial model. The company said its yield business helped offset its cryptocurrency investments and contributed to stronger profitability. In FY2025, operating margin reached 70.6%, while operating profit was reported at ¥6.287 billion.
For FY2026, Metaplanet projects revenue of ¥16 billion, which would represent an 80% increase, and operating profit of ¥11.4 billion, up 81%. Based on its latest disclosure, the company is continuing to combine Bitcoin treasury expansion with financing activity and yield-based operations.