Metaplanet Posts $88M Q3 Net Income on BTC Valuation Gains
Metaplanet, Asia’s largest Bitcoin treasury firm, reported a year-to-date Q3 net income of ¥13.5 billion ($88 million), up from ¥12.7 billion the prior quarter. The surge was driven by ¥20.6 billion ($130 million) in BTC valuation gains, boosting non-operating income. Q3 revenue climbed 94% quarter-over-quarter to ¥2.401 billion ($15.5 million), and operating profit rose 64% to ¥1.339 billion ($8.7 million). Net assets jumped 165% to ¥532.9 billion, while Metaplanet holds over 30,800 BTC on its balance sheet. Stable performance in its hotel segment and positive operating income further strengthened results, although deferred tax expenses and share issuance amortization slightly offset gains. This quarter, Metaplanet rebranded its core segment as “Bitcoin-related business,” reaffirming its Bitcoin treasury strategy and commitment to transparency amid potential new crypto reserve regulations.
Bullish
Metaplanet’s robust Q3 net income and significant BTC valuation gains underscore growing institutional demand for Bitcoin and reinforce its strategy as a dedicated Bitcoin treasury firm. The surge in revenue and operating profit, combined with a 165% jump in net assets and rebranding of its core segment, signals strong operational momentum. Short-term, positive results and clear regulatory cooperation are likely to boost trader confidence and elevate BTC price sentiment. Long-term, sustained valuation gains and transparent governance measures support a stable bullish outlook for BTC, as Metaplanet demonstrates resilience amid volatility and sets a benchmark for other institutional holders.