Metaplanet has released its Q1 financial report for the 2025 fiscal year. The company reported that total revenue increased by 8% quarter-on-quarter, reaching 877 million yen (approximately $6 million).
88% of total revenue, or 770 million yen (approximately $5.2 million), came from Bitcoin (BTC) option premium harvesting. The remaining 104 million yen (approximately $712,200) was generated from hotel operations, indicating a significant shift in the company's financial focus.
Bitcoin Strategy Drives Metaplanet's Q1 Revenue Growth by 8%
The Bitcoin revenue generation strategy started in Q4 2024 and is now the primary revenue source for Metaplanet. This strategy enabled an operating profit of 593 million yen (approximately $4 million).
This represents an 11% increase compared to the previous quarter, setting a new company record. Additionally, total assets increased by 81% to 55 billion yen (approximately $376.6 million). Meanwhile, net assets rose by 197% to 50.4 billion yen (approximately $345.1 million).
Metaplanet's Bitcoin holdings were strengthened by a recent purchase of 1,241 BTC, totaling 6,976 BTC, which exceeds El Salvador's national reserves. The company has now achieved 68% of its 2025 goal to hold 10,000 BTC in four months.
"Although we recorded a valuation loss of 7.4 billion yen due to the BTC price being lower at the end of March, BTC has since rebounded. As of May 12, we hold 13.5 billion yen in unrealized gains." – Simon Gerovich, CEO posted on X
The report also highlighted that the company recorded a 95.6% BTC return. In Q4 2024, they achieved a 309.8% return rate. For 2025, they are targeting a 232% return, with specific goals of 35% for Q3 and Q4.
Lastly, Metaplanet experienced a remarkable 500% growth in shareholders over one year, reaching 64,000 shareholders in Q1 2025, reflecting a significant expansion of its investor base.
"This quarter was the strongest in our company's history." – Gerovich added
This growth has positioned Metaplanet as the 11th largest public Bitcoin holder worldwide and the leading Bitcoin financial company in Asia. The company's stock has also seen substantial growth. According to Google Finance data, 3350.T has risen by 70.91% year-to-date.
BeInCrypto also reported that Metaplanet's stock price has increased by more than 15 times since its first BTC purchase in April 2024.
