Overview
- The company recorded a ¥104.6 billion (about $680 million) non-cash impairment on its bitcoin holdings based on year-end prices, saying it does not affect cash flow or operations.
- Metaplanet forecasts a consolidated net loss of ¥76.63 billion (about $498 million) for 2025 with a comprehensive loss of roughly $351 million, with audited results due on February 16, 2026.
- Bitcoin holdings reached 35,102 BTC at year-end after the firm bought 4,279 BTC in Q4 2025, spending about $451 million at an average price near $105,412 per bitcoin.
- Despite the impairment, 2025 guidance was raised to revenue of ¥8.905 billion and operating profit of ¥6.287 billion, driven by its bitcoin income strategies using options and derivatives.
- For 2026, the company projects revenue of ¥16 billion and operating profit of ¥11.4 billion and sets a goal of reaching 100,000 BTC, supported by a $500 million credit facility and Series B convertible preferred funding.