Metaplanet has announced its most financially successful quarter to date. The company’s second-quarter (Q2) 2025 results were significantly improved by robust Bitcoin market performance and strategic growth of their Bitcoin holdings.
According to the company’s financial report published on August 13th, the net income for the period reached ¥11.1 billion, which is about $75.1 million USD. This marks a substantial turnaround from the ¥5 billion loss reported during the same timeframe the previous year.
The company noted that its overall profit soared to ¥17.4 billion ($117.8 million), a dramatic increase from the ¥6.9 billion loss experienced in Q2 2024.
Concurrently, Metaplanet’s revenue saw a rise of 41% compared to the previous quarter (QoQ), reaching ¥1.239 billion ($8.4 million). The gross profit also increased by 38% QoQ to reach ¥816 million ($5.5 million).
Furthermore, the growth of the Japan-based company’s Bitcoin holdings has been remarkable.
Metaplanet reported that it held 18,113 BTC as of August 12th, with 16,351 BTC of those acquired in the current year. These assets have generated an unrealized profit exceeding ¥55 billion, equivalent to approximately $342 million.
Commenting on these figures, Metaplanet CEO Simon Gerovich described it as the “strongest quarter in Metaplanet’s history,” attributing the success largely to the company’s Bitcoin-focused strategy.
Metaplanet Prefs
Metaplanet has previously outlined an ambitious objective to acquire 210,000 BTC by 2027, which represents roughly 1% of Bitcoin’s total eventual supply.
The company stated that achieving this acquisition target would require approximately $20 billion in financing, which they plan to secure through offerings of preferred and common shares.
Consequently, the Bitcoin-centric company intends to introduce Metaplanet Prefs, a permanent preferred equity initiative with backing from the leading cryptocurrency.
Given that Japan’s total household wealth is estimated at $14.9 trillion, including $7.6 trillion in cash and $9.5 trillion within the fixed income sector, the company anticipates a significant opportunity to divert underutilized funds into yield-generating Bitcoin assets.
Therefore, the Metaplanet Prefs program aims to launch BTC-supported instruments encompassing a spectrum of credit ratings and maturity dates, specifically targeting Japan’s established fixed-income market.
In their earnings presentation, the company emphasized that this strategy signifies the next phase in its mission to digitally revolutionize Japan’s capital markets.
They further added:
“The digital transformation of capital rivals that of communications and commerce. We believe this $100+ trillion opportunity positions Metaplanet to lead in the Japanese capital markets.”
The company also highlighted its intention to leverage its strong financial standing and creditworthiness to create innovative products focused on generating yield.
It’s worth noting that this approach bears similarities to Strategy’s (formerly MicroStrategy) preferred shares program, which is utilized to fund their Bitcoin acquisitions.