Metaplanet Inc. widely known as Japan’s main Bitcoin treasury firm, has reported its strongest quarter up to now for Q1 FY2025, marked by document working revenue and a major enlargement of its stability sheet.
Income reached ¥877 million, an 8% enhance quarter-over-quarter (QoQ), whereas working revenue hit a document ¥593 million, up 11% QoQ. This marks the corporate’s highest working revenue ever. Whole belongings surged to ¥55.0 billion, up 81%, and internet belongings soared to ¥50.4 billion, a 197% enhance in comparison with the earlier quarter.
Regardless of a ¥7.4 billion valuation loss because of the decrease Bitcoin worth on the finish of March, Metaplanet has rebounded strongly. As of Could 12, the corporate holds ¥13.5 billion in unrealized beneficial properties due to a restoration in Bitcoin’s market worth. The short-term dip impacted internet earnings, which got here in at ¥5.0 billion for the quarter, however core operations remained robust.
The corporate’s Bitcoin holdings have skyrocketed to six,796 BTC — a 3.9x enhance year-to-date. In 2025 alone, Metaplanet added over 5,000 BTC to its treasury, reinforcing its dedication to the Bitcoin Treasury Normal. Since adopting this technique, the corporate has seen its BTC internet asset worth enhance 103.1x and its market cap develop by 138.1x.
“Guided by this conviction, we pivoted in 2024 to become Japan’s first dedicated Bitcoin Treasury Company,” mentioned Metaplanet’s administration of their 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 biggest and lowest-cost fairness financing of its type ever positioned in Japan.”
Metaplanet additionally reported a considerable rise in shareholders, rising from 10,854 in December 2023 to 63,654 by March 2025. The expansion pattern noticed main jumps all year long, with 29,796 shareholders in June 2024,37,537 in September, 41,553 in October, and 47,292 in December 2024, earlier than surging to its present peak.
Member of Metaplanet’s Board of Administrators Tyler Evans posted on X, “Congrats $MTPLF, 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,” mentioned Metaplanet’s administration. “The global feedback loop between capital markets and Bitcoin is just beginning. Metaplanet intends to be its premier conduit.”
For these curious about studying the complete Metaplanet earnings report, you are able to do so here.
Disclaimer: Tyler Evans is a co-founder and Chief Funding Officer of UTXO, which can also be owned and operated by BTC INC, Bitcoin Journal’s mum or dad firm.
| CoinFN
