Metaplanet Shares Tumble 20%, But Q3 Bitcoin Revenue Soars 116%

Metaplanet’s inventory has dropped nearly 20% up to now month, though the Japanese firm mentioned its Bitcoin (BTC) income jumped 116% within the third quarter of 2025 and its holdings grew to 30,823 BTC, value about $3.7 billion.

The Tokyo-listed firm now ranks because the world’s fourth-largest company Bitcoin holder, however investor confidence in its shares continues to falter.

Fundamentals Strengthen as Stock Price Weakens

The state of affairs pressured CEO Simon Gerovich to take to X on October 2 to reassure shareholders. He drew a parallel with Amazon’s dot-com period stoop when Executive Chairman Jeff Bezos reminded traders that “the inventory just isn’t the corporate, and the corporate just isn’t the inventory.”

Gerovich highlighted that Metaplanet’s Q3 Bitcoin revenue income had gone up 115.7% to ¥2.44 billion, which is about $16 million, quarter-on-quarter. Meanwhile, working revenue got here in 88% larger than forecasts. The firm additionally reported a close to debt-free stability sheet, with leverage underneath 1%.

Its aggressive shopping for technique has drawn consideration all yr. On September 22, Metaplanet bought 5,419 BTC for $632.5 million, lifting its holdings to 25,555 BTC on the time. Since then, additional acquisitions have taken the stash previous 30,000 BTC, cementing its place forward of rivals like Bullish.

However, inventory efficiency stays risky. On Friday’s session in Tokyo, shares closed at 622 yen, up 7.43% on the day however far under their yearly peak of 1,930 yen. Furthermore, the inventory is down practically 20% in September alone, even because it maintains a 70% achieve year-to-date.

Gerovich famous that the disconnect between stability sheet power and fairness efficiency was irritating shareholders.

“It’s painful for our group, shareholders, and for me personally,” the CEO said. “But as with Amazon, fundamentals and share value typically diverge — generally for months, generally longer.”

He additionally harassed that the agency’s long-term mandate is obvious: accumulate Bitcoin and construct income streams round it.

Bitcoin Volatility and Market Outlook

Meanwhile, Bitcoin, which noticed its value drop sharply towards $112,000 on the finish of September, has since stabilized, with the asset buying and selling round $120,000 on the time of this writing.

Market watchers are keeping track of this stage to see if it may well maintain as a base for a brand new push towards all-time highs. Some technical analysts say that if the present pattern continues, BTC may make an enormous transfer up earlier than the tip of the yr.

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