Metaplanet reported about $40 million in operating profit but still recorded a $619 million net loss amid the Bitcoin price drop.
Japanese public company Metaplanet has reported explosive revenue growth after pivoting its business around Bitcoin, with the cryptocurrency now accounting for nearly all of its operating activity.
According to the firm’s fiscal year 2025 earnings report, revenue climbed to 8.9 billion Japanese yen ($58 million) from 1.06 billion yen ($7 million) a year earlier, a 738% year-over-year increase. The surge followed the launch of the company’s Bitcoin (BTC) income operations.
“We launched the Bitcoin Income business in Q4 2024. Since then, this strategy has become our primary revenue source and is expected to remain a core driver of profit growth,” the company wrote.
