Tokyo-listed company Metaplanet has released its financial report for the first quarter of 2026. According to the report, the company's operating income reached 2.27 billion Japanese yen (approximately 14.38 million USD), more than tripling compared to the previous year. This growth was primarily driven by income from Bitcoin options and derivatives. This is reported by Cointelegraph.com reports .
Nevertheless, the company announced an ordinary loss of 728 million USD. The main reason cited for this is the 24% decline in the price of Bitcoin during the reporting period and the revaluation of crypto assets on the company's balance sheet. According to Coingecko data, the price of Bitcoin fell from 87,000 USD on January 1 to 66,000 USD by March 31.
By the end of the quarter, Metaplanet increased its Bitcoin holdings to 40,177 BTC. The company continues to expand its crypto treasury by issuing new shares and borrowing against Bitcoin collateral. Despite this, the amount of Bitcoin per share for shareholders increased by 2.8%.
The company maintained its annual forecasts for 2026 unchanged, expecting 101 million USD in net sales and 72 million USD in operating profit. However, it refrained from providing specific net profit forecasts due to Bitcoin price volatility. Following the report's release, Metaplanet shares fell by 3.82% on the Tokyo Stock Exchange.
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