Metaplanet Inc. Widely recognized as Japan’s largest Bitcoin treasury, Has reported The company’s Q1 FY2025 quarter was its best ever, with a record profit on operating expenses and an expansion of the balance sheet.
Revenue reached ¥877 million, an 8% increase quarter-over-quarter (QoQ), while operating profit hit a record ¥593 million, up 11% QoQ. It is the highest operating profit in company history. Total assets surged to ¥55.0 billion, up 81%, and net assets soared to ¥50.4 billion, a 197% increase compared to the previous quarter.
Despite a ¥7.4 billion valuation loss due to the lower Bitcoin Metaplanet is a strong rebound from its end-of-March price. As of May 12, the company holds ¥13.5 billion in unrealized gains thanks to a recovery in Bitcoin’s market value. The temporary dip impacted net income, which came in at ¥5.0 billion for the quarter, but core operations remained strong.
The company’s Bitcoin holdings have skyrocketed to 6,796 BTC — a 3.9x increase year-to-date. In 2025 alone, Metaplanet The company has added more than 5,000 BTC into its Treasury, and is reaffirming its commitment towards the Bitcoin Treasury Standard. After adopting this new strategy, BTC’s net asset value increased by 103.1x while its market cap increased by 138.1x.
“Guided by this conviction, we pivoted in 2024 to become Japan’s first dedicated Bitcoin Treasury Company,” Metaplanet’s Management in Q1 2025 Earnings presentation. “In Q1 2025, we launched—and have already executed 87% of—a two-year, ¥116 billion “moving-strike” warrant program: the largest and lowest-cost equity financing of its kind ever placed in Japan.”
Metaplanet’s shareholders also increased significantly, from 10,854 to 63 654, by March 2025. This growth was marked by major leaps all through the year. In June 2024 there were 29,796 members, 37,537 at September’s end, 41,553 during October and finally 47,292 as of December 2024.
Metaplanet Board Member Tyler Evans posted Congratulations $MTPLF on X Metaplanet, Simon Gerovich, Yoshimi Abe, and Dylan LeClair on a record quarter! 3.9x growth in BTC YTD is incredible.”
“Our results speak for themselves: we don’t set targets to feel safe—we set them to exceed them, quarter after quarter,” Metaplanet management said. “The global feedback loop between capital markets and Bitcoin is just beginning. Metaplanet intends to be its premier conduit.”
If you’re interested in the complete Metaplanet Earnings Report, then please click here. here.
Disclaimer: Tyler Evans serves as the Chief Investment officer and co-founder of UTXO. This company is also owned and managed by BTC INC. Bitcoin Magazine is a subsidiary of BTC INC.
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Source: bitcoinmagazine.com
