Japan’s Biggest Corporate Bitcoin Holder Reports $736 Million Valuation Loss
Metaplanet reported a ¥114.5 billion (round $725.6 million) web loss within the first quarter of fiscal yr 2026, as declining Bitcoin costs led to huge accounting valuation losses on its holdings.
The firm reported an strange lack of ¥114.9 billion ($728 million), largely pushed by ¥116.3 billion ($736 million) in Bitcoin valuation losses recorded in the course of the quarter.
Metaplanet Quarterly Loss
Despite the losses, Metaplanet posted sturdy working development. Its web gross sales rose 251.1% year-over-year to ¥3.08 billion ($19 million), and its working revenue elevated 282.5% to ¥2.27 billion ($14.3 million). Revenue from its Bitcoin Income Generation enterprise, which incorporates possibility premium methods tied to BTC derivatives, rose sharply to ¥2.54 billion.
Metaplanet’s Bitcoin holdings elevated to 40,177 BTC by the top of March 2026, up from 35,102 BTC on the finish of December 2025. It has managed to retain its place as the most important Bitcoin-holding listed firm exterior the United States, in line with the submitting.
During the quarter, the corporate continued elevating capital via widespread share issuances, most well-liked shares, inventory acquisition rights, and Bitcoin-backed credit score services to assist extra BTC purchases.
Metaplanet additionally disclosed that it secured a $500 million Bitcoin-collateralized credit score facility and had drawn $302 million beneath the association as of May 13, 2026. Total belongings fell to ¥466.7 billion on the finish of March from ¥505.3 billion on the finish of 2025, primarily on account of decrease Bitcoin valuations.
“The Company will proceed to build up Bitcoin, develop Bitcoin per share, and allocate capital with self-discipline. Over time, it intends to develop financing capabilities, working companies, and institutional relationships that make its Bitcoin place extra productive and sturdy. This work sits inside a bigger shift in how cash and capital markets are organized. The Company intends to contribute to the event of Japan’s digital capital markets.”
Metaplanet’s Disclosure Practices Controversy
The outcomes come as the corporate faces criticism on-line over its Bitcoin acquisition technique and disclosure practices. Earlier this yr, CEO Simon Gerovich defended the corporate’s technique whereas explaining that every one Bitcoin purchases, pockets addresses, and borrowing preparations had been disclosed in actual time.
Gerovich additionally stated the corporate’s choices technique was geared toward buying BTC under spot costs via premium revenue slightly than speculating on short-term value actions.
The publish Japan’s Biggest Corporate Bitcoin Holder Reports $736 Million Valuation Loss appeared first on CryptoPotato.
