Core Viewpoint - Metaplanet anticipates nearly doubling its revenue in FY2026, following a challenging FY2025 marked by significant losses due to bitcoin price fluctuations [1] Financial Performance - FY2025 revenue reached 8.9 billion yen, a 31% increase from the previous forecast of 6.8 billion yen [3] - Operating income for FY2025 rose by 34% to 6.3 billion yen [3] - The company reported a substantial write-down of 104.6 billion yen on its bitcoin holdings in Q4, leading to an ordinary loss of 98.6 billion yen and a net loss of 76.6 billion yen [3] Bitcoin Strategy - Metaplanet's Bitcoin Income Generation business utilizes approximately 35,102 BTC, valued at over $3 billion, as collateral for revenue generation through structured option strategies [2] - The company has issued Class B perpetual preferred equity (MERCURY) and established a $500 million credit facility to enhance its capital structure [2] - The BTC yield, representing growth in bitcoin holdings per share, increased by 568% over the year, despite share dilution [4] Future Outlook - For FY2026, Metaplanet projects revenue of 16 billion yen and operating income of 11.4 billion yen, primarily driven by bitcoin-linked activities [5] - Approximately 97.5% of the projected sales for FY2026 are expected to come from bitcoin-related operations, with the remaining 400 million yen from the hotel business [5] - The company has not provided net income guidance for FY2026 due to bitcoin price volatility but remains committed to its Bitcoin strategy [6]

🔥 UPDATE: Metaplanet to invest $1.25B in $BTC by October and $139M in its Bitcoin Income Generation arm. https://t.co/2uysyL1km0 ...