Japan’s “MicroStrategy” Metaplanet post record quarterly figures, now owns over $700 million in Bitcoin
Metaplanet Inc., widely regarded as Japan’s leading Bitcoin Treasury company, reported its strongest quarter to date in Q1, marking a significant expansion in record operating profit and its balance sheet.
Revenue reached 877 million yen, an increase of 8% in the quarter, while operating profit reached a record 593 million yen, an increase of 11%. This marks the company’s highest operating profit ever. Total assets soared to 55 billion yen, an increase of 81%, and net assets soared to 50.4 billion yen, an increase of 197% from the previous quarter.
Although the estimated loss was 7.4 billion yen due to the low Bitcoin price as of the end of March, Metaplanet’s rebound was large. As of May 12, the company’s unrealized revenue was 13.5 billion yen as the market value of Bitcoin recovered. The temporary decline affected net revenue, which was 5 billion yen for the quarter, but core operations remained strong.
The company’s Bitcoin holdings have soared to 6,796 BTC, a 3.9-fold increase. In 2025 alone, Metaplanet added more than 5,000 BTC to its Treasury Ministry, strengthening its commitment to Bitcoin treasury standards. Since adopting this strategy, the company has seen its BTC net asset value increase by 103.1 times and its market capitalization increase by 138.1 times.
“Under the guidance of this guilt, we became Japan’s first dedicated Bitcoin finance company in 2024,” Metaplanet’s management said in its first-quarter 2025 revenue introduction. “In the first quarter of 2025, we launched – a “mobile” warrant program that has been executed for two years: the largest and lowest ever stock financing in Japan.”
Metaplanet also reported significant growth in shareholders, from 10,854 in December 2023 to 63,654 in March 2025. The growth trend grew significantly throughout the year, with 29,796 shareholders in June 2024 in June 2024 in the peak of 47,292 in the December 2024 element.
Metaplanet Board Member Tyler Evans published a book on X on X, “Congratulations to $MTPLF, Metaplanet, Simon Gerovich, Yoshimi Abe and Dylan Leclair for the record quarter! 3.9x! BTC YTD growth!
“Our results indicate: We have not set goals to make them safe – we set them as quarterly quarters,” said Metaplanet’s management. “The global feedback loop between capital markets and Bitcoin has just begun. Metaplanet intends to be its primary channel.”
For those interested in reading the full Metaplanet earnings report, you can do so here.
Disclaimer: Tyler Evans is the co-founder and chief investment officer of UTXO, which is also owned and operated by BTC Inc, the parent company of Bitcoin Magazine.
