Metaplanet raises 2026 outlook as Bitcoin write-down tops $680M

Japanese Bitcoin treasury company Metaplanet has hiked its 2025 revenue and profit guidance, forecasting a near doubling of sales in 2026 as its BTC income and treasury strategy scale up.

Tokyo‑listed Bitcoin treasury company Metaplanet raised its 2025 revenue and operating income forecasts and flagged a large non‑cash Bitcoin write‑down, while sharply increasing guidance for 2026.

The company now expects 2025 revenue of 8.905 billion Japanese yen (about $58 million) and operating income of $40 million, according to a Monday notice.

Despite an improved operating outlook, Metaplanet forecasts an ordinary loss of $632 million and a net loss of $491 million. Both figures are driven by a Bitcoin impairment loss of about $680–$700 million, which is a non‑cash write‑down of the value of its Bitcoin (BTC) holdings at year‑end prices.

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