Metaplanet's Quarter 2, 2025 earnings skyrocket to ¥17.4 billion, with company assets rising an impressive 333% compared to the previous quarter.
In a bold move, Metaplanet Inc. has positioned itself as Japan's leading regulated Bitcoin proxy in the public markets. Originally a hotel operator, the company has undergone a significant transformation, adopting a Bitcoin-centric strategy and transforming into a major Bitcoin treasury vehicle.
By Q3 2025, Metaplanet Inc. boasts a substantial Bitcoin treasury of 18,888 BTC, valued at approximately $2.1 billion. The company's ambitious expansion plans aim to acquire an additional 21,000 BTC by 2026, with a long-term target of 210,000 BTC (approximately 1% of Bitcoin’s total supply) by 2027.
To fund this massive accumulation plan, Metaplanet is actively raising capital through equity offerings. One such offering, a $3.7 billion stock raise, was aimed explicitly at funding Bitcoin purchases. The firm has been executing systematic Bitcoin buys, including the acquisition of hundreds of BTC for over $100 million in August 2025 alone.
While the "555 Million Plan" is not explicitly named in the search results, it appears to be a crucial part of Metaplanet's overarching capital-raising and Bitcoin accumulation framework. The pattern of incremental capital raises and targeted BTC acquisitions aligns with a structured, multi-year investment strategy that leverages Japan's favorable crypto regulatory environment and rising institutional interest.
Key aspects of Metaplanet's current strategy include capital market utilization, regulatory tailwinds, corporate treasury innovation, institutional momentum, disciplined capital allocation, regulatory compliance, and shareholder value creation.
The company's full-year forecast remains unchanged, projecting ¥3.4 billion in revenue and ¥2.5 billion in operating income for fiscal 2025. The year-to-date BTC yield for Metaplanet Inc. stands at 468.1% as of August 12.
If the "555 Million Plan" progresses as intended, Metaplanet's role in global Bitcoin markets could strengthen considerably, potentially setting a precedent for other Asian corporations. The company's Bitcoin holdings, currently at 18,113 BTC, rank fourth globally and first in Asia among corporate holders.
Metaplanet Inc.'s stock is benefiting from strong sentiment toward its strategy. The company's Bitcoin holdings were acquired at a total cost of ¥270 billion, and assets expanded to ¥238.2 billion ($1.61 billion), up 333% from the prior quarter. The company reported its strongest quarter to date, with an ordinary profit of ¥17.4 billion ($117.8 million) for Q2.
In addition, Metaplanet Inc. raised ¥242.4 billion through various stock acquisition rights (SARs) during Q2, making it Japan's top issuer in the capital markets. The company's revised "555 Million Plan" aims to hold at least 210,000 BTC by the end of 2027, with up to ¥555 billion in potential issuance over two years through diversified fundraising.
Net income for the quarter reached ¥11.1 billion ($75.1 million), compared to a ¥5.0 billion loss a year earlier. Revenue rose 41% quarter-on-quarter to ¥1.239 billion ($8.4 million). Net assets increased 299% to ¥201.0 billion ($1.36 billion), with an equity ratio of 84.2%.
The share expansion supports Metaplanet's mission to transform Japan's fixed-income market into a "Bitcoin accumulation engine." The expanded share capacity includes both common and preferred classes of shares.
Following the earnings announcement, investors reacted positively to Metaplanet's Bitcoin-centric strategy. Assets, revenue, and profitability have all seen significant growth, and the company's aggressive Bitcoin accumulation plans continue to garner attention. Despite the risks associated with Bitcoin price volatility and possible regulatory changes, Metaplanet’s hybrid equity-Bitcoin model has gained prominence as a pioneering institutional-grade crypto exposure vehicle in Japan, outperforming major Japanese blue-chip stocks.
- Metaplanet Inc.'s ambitious expansion plans, as part of the "555 Million Plan," aim to acquire an additional 21,000 BTC by 2026, leveraging Japan's favorable crypto regulatory environment and rising institutional interest in the finance industry.
- The company's Bitcoin holdings, currently at 18,113 BTC, are not only a testament to its transformative technology-driven business strategy but also rank fourth globally and first in Asia among corporate holders in the Bitcoin industry.
- Metaplanet Inc.'s hybrid equity-Bitcoin model, which includes strategies like capital market utilization, regulatory compliance, disciplined capital allocation, and corporate treasury innovation, has gained prominence as a pioneering institutional-grade crypto exposure vehicle in the business world, outperforming major Japanese blue-chip stocks in the finance sector.
