{"id":62462,"date":"2026-02-13T14:52:46","date_gmt":"2026-02-13T11:52:46","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=62462"},"modified":"2026-02-13T14:52:46","modified_gmt":"2026-02-13T11:52:46","slug":"metaplanet-reports-million-dollar-bitcoin-loss","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/metaplanet-reports-million-dollar-bitcoin-loss\/","title":{"rendered":"Metaplanet Reports Million-Dollar Bitcoin Loss"},"content":{"rendered":"<p data-start=\"277\" data-end=\"598\">Japanese bitcoin treasury firm <strong>Metaplanet<\/strong> recorded a $680 million decline in the value of its bitcoin portfolio for the 2025 fiscal year. The loss coincided with a period of intense market volatility. On paper, this represents a substantial loss, but the company insists that it does not affect operational performance.<\/p>\n<p data-start=\"600\" data-end=\"1054\">The company noted that the loss does not impact operational cash flow and is recorded only as a \u201cnon-operating expense\u201d in accounting. Following the impairment, Metaplanet reported a consolidated ordinary loss of \u00a598.56 billion ($640 million) and a net loss of \u00a576.63 billion ($498 million). This translates into a comprehensive loss of \u00a554.02 billion ($351 million) attributable to shareholders. Final results are scheduled for release on February 16.<\/p>\n<p data-start=\"1056\" data-end=\"1241\">In a statement, the company said, \u201cShort-term accounting volatility is inherent in our business model. Our medium- to long-term <a href=\"https:\/\/coinengineer.net\/blog\/?s=metaplanet\">BTC<\/a> accumulation and capital strategy remain on track.\u201d<\/p>\n<p data-start=\"1243\" data-end=\"1505\">By the end of 2025, Metaplanet held 35,102 BTC, up from just 1,762 BTC a year earlier. According to CEO Simon Gerovich, the company spent $451.06 million in Q4 2025 at an average price of $105,412 per BTC. Bitcoin traded at around $87,500 on December 31, 2025.<\/p>\n<h2 data-start=\"1507\" data-end=\"1553\">Valuation Losses and Financial Overview<\/h2>\n<p data-start=\"1555\" data-end=\"1771\">Interestingly, despite these losses, Metaplanet revised its 2025 revenue forecasts upward. The company saw stronger-than-expected returns from bitcoin derivatives and options strategies (Bitcoin Income Generation).<\/p>\n<ul data-start=\"1773\" data-end=\"1968\">\n<li data-start=\"1773\" data-end=\"1875\">\n<p data-start=\"1775\" data-end=\"1875\">Revenue: \u00a58.9 billion ($57.8 million), up 31% from previous estimate of \u00a56.8 billion ($44 million)<\/p>\n<\/li>\n<li data-start=\"1876\" data-end=\"1968\">\n<p data-start=\"1878\" data-end=\"1968\">Operating income: \u00a56.3 billion ($41 million), up 33.8% from \u00a54.7 billion ($30.5 million)<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1970\" data-end=\"2205\">Growth was supported by a new share issuance and a $500 million credit facility. Metaplanet said, \u201cWe were able to deploy capital more flexibly than anticipated and allocated more resources to the Bitcoin Income Generation Business.\u201d<\/p>\n<p data-start=\"2207\" data-end=\"2245\">For fiscal 2026, Metaplanet expects:<\/p>\n<ul data-start=\"2247\" data-end=\"2431\">\n<li data-start=\"2247\" data-end=\"2296\">\n<p data-start=\"2249\" data-end=\"2296\">Revenue: \u00a516 billion ($104 million), up 79.7%<\/p>\n<\/li>\n<li data-start=\"2297\" data-end=\"2356\">\n<p data-start=\"2299\" data-end=\"2356\">Operating income: \u00a511.4 billion ($74 million), up 81.3%<\/p>\n<\/li>\n<li data-start=\"2357\" data-end=\"2431\">\n<p data-start=\"2359\" data-end=\"2431\">Bitcoin Income Generation contribution: \u00a515.6 billion ($101.3 million)<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2433\" data-end=\"2557\">Metaplanet\u2019s Tokyo-listed shares fell 7.03% to \u00a5476 today, while its U.S. OTC-traded shares rose 1.56% on Friday to $3.26.<\/p>\n<p data-start=\"2433\" data-end=\"2557\"><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\">Telegram<\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube<\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\">Twitter<\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japanese bitcoin treasury firm Metaplanet recorded a $680 million decline in the value of its bitcoin portfolio for the 2025 fiscal year. The loss coincided with a period of intense market volatility. On paper, this represents a substantial loss, but the company insists that it does not affect operational performance. The company noted that the<\/p>\n","protected":false},"author":36,"featured_media":54152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,2],"tags":[6690,14059,27470,3303,26718,5397,7116],"class_list":["post-62462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-news","tag-bitcoin-forecast","tag-bitcoin-loss","tag-btc-revenue","tag-crypto-portfolio","tag-japanese-crypto","tag-market-volatility","tag-metaplanet-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Metaplanet Reports Million-Dollar Bitcoin Loss - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Metaplanet reports $680M bitcoin loss in 2025 but raises revenue forecasts; 2026 growth targets signal stronger BTC business performance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/metaplanet-reports-million-dollar-bitcoin-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Metaplanet Reports Million-Dollar Bitcoin Loss - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Metaplanet reports $680M bitcoin loss in 2025 but raises revenue forecasts; 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