TLDR
- Metaplanet’s Bitcoin income jumped 115.6%, reaching ¥2.438B in Q3 2025.
- The company’s Bitcoin holdings exceeded 30,823 BTC by September 30, 2025.
- Metaplanet’s stock plunged 67.4%, diverging from Bitcoin’s 6.31% gain in Q3.
- Metaplanet raised its full-year revenue forecast to ¥6.8B after strong Q3 results.
Metaplanet, a Tokyo-based company, has announced a remarkable increase in its Bitcoin income generation revenue for Q3 2025, rising by 115.6% compared to the previous quarter. However, despite the surge in profits and Bitcoin holdings, the company faced a sharp decline in its stock price, which fell by 67.4% during the same period. This disconnect between financial performance and stock market reaction has drawn attention from industry observers.
Record Revenue Growth for Bitcoin Segment
Metaplanet reported a significant boost in its Bitcoin income generation for Q3 2025. The company’s revenue from this segment reached ¥2.438 billion ($16.56 million), marking a 115.7% increase compared to Q2 2025. This surge also reflected a 216.6% increase from Q1 2025, further emphasizing the rapid growth in the company’s Bitcoin-related operations.
The performance exceeded Metaplanet’s expectations and led to an upward revision of its full-year financial projections. The company raised its 2025 revenue forecast to ¥6.8 billion, up from the previous projection of ¥3.4 billion. In addition, it adjusted its operating profit guidance, now anticipating ¥4.7 billion, a substantial increase from its prior estimate of ¥2.5 billion.
Bitcoin Holdings Surpass Annual Target
In addition to revenue growth, Metaplanet also exceeded its annual Bitcoin accumulation target. The company’s Bitcoin holdings reached 30,823 BTC by September 30, 2025, surpassing the target of 30,000 BTC set for the year. This acquisition places Metaplanet among the largest corporate Bitcoin holders globally, ranking fourth, behind MicroStrategy, Tesla, and XXI.
The company’s latest Bitcoin purchase of 5,268 BTC, valued at around $615.67 million, pushed its total holdings beyond the target. Metaplanet’s Bitcoin treasury now accounts for over 0.1% of Bitcoin’s total supply. This performance highlights the company’s commitment to its Bitcoin-centric strategy and strengthens its position as a key player in the growing corporate adoption of the cryptocurrency.
Stock Price Decline Amid Operational Success
Despite these positive developments in its Bitcoin-related operations, Metaplanet’s stock experienced a significant decline in Q3 2025. The company’s stock price fell by 67.4%, a stark contrast to the positive performance in Bitcoin. This downturn occurred even as Bitcoin itself saw a 6.31% increase in value during the same period.
The sharp drop in stock price has raised questions about the disconnect between Metaplanet’s strong operational results and investor sentiment. Despite its growing Bitcoin holdings and higher-than-expected revenue, the company has struggled to align these successes with market confidence.
Future Outlook and Strategic Plans
Looking ahead, Metaplanet remains focused on its Bitcoin treasury strategy and plans to issue preferred shares to support its operations. CEO Simon Gerovich emphasized that the company’s Q3 results strengthen the foundation for this move.
The preferred share issuance is intended to provide the necessary capital to support further Bitcoin acquisitions and bolster the company’s long-term financial strategy.
Although Metaplanet has shown operational growth, the market’s reaction remains uncertain. The company’s efforts to expand its Bitcoin holdings and revenue may provide long-term value, but the recent stock price decline indicates that investor sentiment and market conditions will play a crucial role in shaping its future success.
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