Tokyo-based Metaplanet announced a large non-operating loss in its 2025 financial statement results due to the loss of value in Bitcoin assets. The company stated that the decline in value in the crypto markets throughout the year, especially in the fourth quarter, was reflected in its balance sheet.
Bitcoin Value Loss Reflected in Annual Loss
In the official announcement, Metaplanet reported that it suffered losses of 102.2 billion yen (about $680 million at current exchange rates) as a result of the market valuation of its Bitcoin assets in the last quarter of 2025. This loss significantly increased the company’s total loss for the year.
Hedge Strategy and Approach to Market Fluctuations
Company management emphasized that despite the financial loss, Bitcoin still plays a fundamental role in their portfolio and is considered a hedge against the Japanese yen. In Metaplanet’s statement, it was stated that short-term price fluctuations did not cause any changes in Bitcoin accumulation strategies.
Metaplanet’s CEO, Simon Gerovich, reiterated that the company remains committed to its Bitcoin-focused strategy. Gerovich underlined that despite the recent sharp losses in value in the crypto industry, no changes have been made in the company’s road map.
Exchange Rate and Tax Effects
The company announced a foreign exchange gain of 506 million yen in the last quarter, thanks to income from foreign currency-based receivables. It was also reported that deferred tax income of 1.5 billion yen was obtained due to changes in the value of Bitcoin. Within the scope of last year’s accounting practice, Metaplanet also evaluated the amortization of share issue expenses amounting to 418 million yen among non-operating items.
Metaplanet’s profit forecasts at the beginning of the year were determined based on fluctuations in the price of Bitcoin. However, as a result of updated valuations and deferred tax effects at the end of the fourth quarter, the actual net results showed some differences from the estimates.
The company recommended that investors review its current consolidated financial summary report. The announcement reminded that volatile assets such as Bitcoin can cause serious impacts on accounting practices.
Metaplanet management shared the message: “We are not changing our Bitcoin accumulation strategy and are moving towards our goals despite the volatile market.”
Harsh fluctuations experienced from time to time in crypto markets continue to have a direct impact on the balance sheets and market strategies of institutional investors. Companies such as Metaplanet state that they prefer a long-term approach.
