Japanese investment company Metaplanet has announced its financial results for the first quarter of fiscal year 2026.
Despite strong operating results, the company reported a net loss of 114.5 billion yen (approximately $725.6 million) due to the decline in Bitcoin asset value.
This result once again reveals how sensitive the company’s aggressive Bitcoin accumulation strategy is to short-term market fluctuations.
Metaplanet said the loss was primarily due to accounting adjustments related to the decline in Bitcoin prices at the end of the quarter.
The company’s balance sheet shows 116.4 billion yen (approximately $737.6 million) in write-downs on Bitcoin alone. Management emphasized that this was not an actual sales loss, but a one-time accounting effect based on market prices.
On the other hand, the company has achieved remarkable growth in terms of operations. Sales increased 251% year on year to 3.08 billion yen, and operating income increased 282.5% to 2.3 billion yen. This growth was driven by Bitcoin-based options strategies and hotel management activities.
Metaplanet bought 5,075 more $BTC In the first quarter, total Bitcoin holdings were 40,177 $BTC. The company said it holds about 87% of the total Bitcoin held by Japanese listed companies.
With this amount, Metaplanet has emerged as the world’s third-largest Bitcoin institutional investor and plans to continue purchasing Bitcoin through equity issuance and debt financing. The company has made no changes to its sales and profitability targets for 2026.
*This is not investment advice.
