Metaplanet of Tokyo reported operating income of 2.27 billion Japaneseyen on Wednesday, which is roughly $14.38million, for net sales of approximately $19.5million. The company’s earnings announcement from Q1 of fiscal year 2020 shows that Bitcoin income has more than tripled in the past year.
Strong operating performance contrasted The company reported an average loss of $728.9 million. This was primarily due to non-cash losses in valuations as Bitcoins’ price dropped during this period.
According to reports, the price of Bitcoin dropped by 24% in just one quarter. It went from $87,000 at the beginning of January to $66,000 at March 31. data Coingecko
The filing shows that revenue for the third quarter ended March 31, rose by about $5 million from a year ago to $19.5 million. Bitcoin Income Generation, which includes option premiums, derivative valuation gains, contributed the majority of the sales. Hotel operations, however, remained stable and a smaller contributor.
BTC prices fell by 24 percent in the first quarter of 2018. Source: Coingecko
Metaplanet reported a loss per share of $0.63, compared to a loss in the same period last year of $0.078. Its outlook for 2026 remains unchanged. The company still expects net sales around $101 million with an operating profit estimated at $72 millions. However, it does not provide guidance on ordinary income or net profits due to Bitcoin’s price volatility.
Bitcoin loss in value offsets strong operating profits
Metaplanet held 40,177 Bitcoins at the end the third quarter, an increase of 5,075 BTC from the 35,102 Bitcoins it had in December 2025. third-largest publicly listed Bitcoin treasuryThrough a mix of Bitcoin-backed lending and new equity,.
Consolidated Financial results for Q1 FY2026. Metaplanet
Fully diluted, Bitcoin holdings increased per share from 0.0240486 BTC up to 0.0247319 BTC. The yield on BTC per share in the first quarter was 2.8%.
Metaplanet’s Capital Structure continued to evolve during the third quarter. The total net asset fell from 2,96 billion dollars at December 31 to around $2,60 billion as Bitcoin-related value losses exceeded equity raised over the quarter.
Short-term borrowings also increased as the company drew further on its $500 million Bitcoin-collateralized credit facility, under which it had $302 million outstanding as of May 13, 2026, it said.
Metaplanet stocks traded at a lower price on Wednesday at Tokyo. They were trading around 327 Japanese Yuen ($2.07), 3.82% down from their close Tuesday. data Yahoo! Finance is a Yahoo! Finance.
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Source: cointelegraph.com
