Metaplanet Boosts Bitcoin Holdings to 40,177 BTC Despite ¥95B Net Loss
As of April 2, 2026, Metaplanet amassed 40,177 BTC, making it the world’s third-largest public Bitcoin holder behind MicroStrategy and Twenty One Capital. The Tokyo-listed firm posted ¥8.9B revenue and ¥6.3B operating income in FY2025 but recorded ¥104.6B in impairments, widening net loss to ¥95.0B while continuing Bitcoin purchases.
1. Bitcoin Accumulation Climb
Metaplanet held over 35,000 BTC at December 2025 and continued to increase its position to 40,177 BTC by early April 2026, outpacing rivals that paused or reduced holdings.
2. FY2025 Financial Impact
In FY2025, the firm reported ¥8.9B in revenue and ¥6.3B in operating income but recorded ¥104.6B of Bitcoin-related impairment losses, resulting in a ¥95.0B net loss attributable to owners.
3. Market Ranking Shift
With 40,177 BTC on its balance sheet, Metaplanet now ranks third among public companies behind MicroStrategy’s 762,099 BTC and Twenty One Capital’s 43,514 BTC, while Marathon Digital divested 15,133 units for $1.1B in late March.
4. Outlook and Strategy
Despite steep impairments and share underperformance, the Tokyo-listed firm maintains its accumulation strategy, signaling confidence in long-term Bitcoin appreciation and diversified funding through equity and debt.