Japan-listed investment firm Metaplanet Inc. (3350.T) has reported staggering financial results for fiscal year 2025, driven almost entirely by its aggressive Bitcoin accumulation strategy. The company announced revenue of ¥8.905 billion, representing a 738% year-on-year increase. More dramatically, its operating profit skyrocketed by 1,694% to ¥6.287 billion.
Metaplanet's core business model revolves around building a massive Bitcoin treasury. Over the course of FY2025, the company expanded its holdings from 1,762 BTC to 35,102 BTC, making it the largest Bitcoin holder in Japan and the fourth-largest among publicly listed companies globally. This position gives Metaplanet ownership of approximately 0.16% of the total global Bitcoin supply.
The firm's financial strategy to fund this expansion has been multifaceted. It issued preferred shares under its MERCURY class, raising over ¥500 billion specifically for Bitcoin acquisitions. Furthermore, it raised an additional ¥21.249 billion through private placements of Class B Preferred Shares, which offer a 4.9% annual yield, creating a secondary revenue stream.
Despite the phenomenal profit growth, the company's report also highlights the inherent volatility of managing a large crypto treasury. Metaplanet recorded an unrealized valuation loss of approximately ¥102.2 billion on its Bitcoin holdings, underscoring the market's price fluctuations.
Looking forward, Metaplanet has set an ambitious long-term goal: to acquire 1% of the global Bitcoin supply by 2027. This target underscores the company's commitment to a Bitcoin-centric business model and its intention to solidify its position as a dominant institutional holder. The market reacted positively to the news, with Metaplanet's stock price rising 0.31% to close at ¥326.00 following the announcement.
