Metaplanet’s operating profit projected to increase by 81% in 2026 following a 17-fold surge in the previous year due to options trading.

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The firm experienced a non-cash bitcoin valuation loss of 102.2 billion yen ($650 million) as a result of the decline in the cryptocurrency’s price.

(Anne Nygård/Unsplash/Modified by CoinDesk)

What to know:

  • Metaplanet reported a 17-fold increase in operating profit to 6.28 billion yen ($40.8 million) and a 738% surge in revenue.
  • Operating profit is projected to grow 81% this year.
  • The company recorded a non-cash bitcoin valuation loss of 102.2 billion yen ($650 million) due to the decline in the cryptocurrency’s price.

Metaplanet (3350), the largest bitcoin treasury company in Japan, anticipates a full-year operating profit increase of 81% this year, following premiums from writing options that contributed to a 17-fold rise in 2025.
The company, which possesses 35,102 BTC, achieved an operating profit of 6.29 billion yen ($40.8 million) last year. Premiums from writing options escalated to 7.98 billion yen from 691 million in 2024. Total revenue increased dramatically by 738% to 8.9 billion yen.

However, as bitcoin’s price fell from a near $125,000 all-time peak to close the year below $90,000, Metaplanet faced a non-cash valuation loss of 102.2 billion yen, resulting in a net income decline to a loss of 95 billion yen ($605 million).

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The Tokyo-based firm continues to hold over $2.4 billion in bitcoin and expects to derive nearly all of its 2026 revenue from these assets.

Currently, it is facing approximately $1.2 billion in unrealized losses due to the decline in BTC’s price to $68,550.

The company forecasts its full-year revenue will rise nearly 80% in 2026 to 16 billion yen, with operating profit anticipated at 11.4 billion yen. The shares increased by 0.31% to 326.0 yen on Monday.