Metaplanet Posts Net Loss of Approximately $170 Million in First Three Quarters

On November 14, Japanese Bitcoin treasury company Metaplanet posted a net loss of 27.16 billion yen (approximately $170 million) for the first three quarters of 2026, compared to a net profit of 13.53 billion yen in the same period last year.

The company recorded a loss of 19.17 billion yen from selling Bitcoin, alongside an 8.04 billion yen loss from the depreciation of its Bitcoin holdings. In the third quarter, it sold 10,000 BTC for 124.7 billion yen before buying 11,000 BTC for 149.9 billion yen; total holdings stood at 44,000 BTC as of the end of September.

Revenue for the first three quarters rose 30.5% year-over-year to 5.9 billion yen, while operating profit increased 26.5% to 3.48 billion yen. The company had previously lowered its full-year revenue forecast from 16 billion yen to 6.5 billion yen.