Japanese public company Metaplanet reported a 738% surge in annual revenue to $58 million after pivoting to a Bitcoin-centric business model. The firm’s Bitcoin operations, launched in late 2024, now generate roughly 95% of its income, though it posted a net loss of $619 million due to accounting for Bitcoin price declines on its substantial holdings.
Japanese public company Metaplanet has reported explosive revenue growth after pivoting its business around Bitcoin. According to the firm’s fiscal year 2025 earnings report, revenue climbed to $58 million from $7 million a year earlier.
The 738% year-over-year increase followed the launch of the company’s Bitcoin income operations. The company stated, “We launched the Bitcoin Income business in Q4 2024.”
A revenue breakdown shows roughly 95% of total income came from Bitcoin-related operations. This was largely generated through premium income from Bitcoin options transactions.
Operating profit reached about $40 million, but the company still posted a net loss of roughly $619 million. The loss stemmed from accounting rules requiring it to reflect Bitcoin price swings on its financial statements.
The company has aggressively accumulated Bitcoin alongside the business shift. Its holdings increased from 1,762 BTC at the end of 2024 to 35,102 BTC by the end of 2025, making it the largest corporate Bitcoin holder in Japan.
Metaplanet described its model as a long-term Bitcoin treasury approach. The strategy aims to acquire and hold Bitcoin permanently to hedge against fiat currency dilution.
The company expects growth to continue next year, forecasting revenue of about $104 million. It also projects an operating profit of roughly $74 million.
Earlier this month, Metaplanet CEO Simon Gerovich said the company will stick with its Bitcoin-focused approach. He stated there would be no shift in direction despite recent market volatility.
Last month, the company also approved an overseas capital raise of as much as $137 million. The funds are intended to expand its Bitcoin holdings and reduce debt.
