Bitcoin holder Metaplanet reports a loss of $664 million., 2026/02/16 14:29:57

The Japanese firm Metaplanet, one of the largest corporate holders of Bitcoin, has reported an annual unrealized loss of 102.2 billion yen (approximately $664 million). This figure is slightly better than the company’s own forecast. The losses are attributed to the revaluation of the Bitcoin held in reserve.

The operational results of the Japanese company demonstrated explosive growth: revenue surged by 738% to 8.9 billion yen ($57.9 million), while net profit increased by 1694% to 6.3 billion yen ($40.9 million). The primary driver of revenue growth was income from Bitcoin options trading, as noted in the financial report. 

The company, which follows a “Bitcoin treasury” model (holding cryptocurrency as a long-term asset), aims to engage in active trading of Bitcoin derivatives. By 2026, Metaplanet anticipates generating revenue of $103 million and an operating profit of approximately $73 million. 

By early 2026, the company’s portfolio included 35,102 BTC, which is more than 19 times the amount held a year prior (1,762 BTC). In terms of cryptocurrency reserves, Metaplanet ranks fourth among publicly traded companies globally. The total capital invested by Metaplanet in Bitcoin has reached 527.2 billion yen ($3.43 billion). 

Leading the list of publicly traded corporate entities by Bitcoin reserves is the American company Strategy, which currently holds 714,644 BTC, valued at $49 billion.  

In mid-2025, Metaplanet’s CEO Simon Gerovich stated that his company aims to accumulate as much Bitcoin as possible to later acquire other profitable companies with those funds. 

Previously, the American cryptocurrency exchange Coinbase reported a net loss of $667 million for the last quarter of the previous year. Amid the downturn in the cryptocurrency market, these losses ended an eight-quarter streak of profitable reporting periods, with the last time the company recorded losses being in the third quarter of 2023.