Metaplanet Doubles FY2025 Revenue Forecast After Bitcoin Q3 Boom

Metaplanet has sharply revised its full-year 2025 revenue. Profit forecasts are upward following a record-breaking third quarter driven by Bitcoin income generation. The Tokyo-based firm announced consolidated revenue guidance of ¥6.8 billion, doubling its earlier projection of ¥3.4 billion. Operating profit guidance has also been lifted to ¥4.7 billion. It’s up 88% from the previous ¥2.5 billion forecast. The results show the company’s ability to scale operations while reinforcing its position as Japan’s most aggressive corporate adopter of Bitcoin.

Q3 Delivers Record Growth

According to CEO Simon Gerovich, Metaplanet Bitcoin Income Generation unit posted ¥2.438 billion in quarterly revenue, a 115.7% increase over Q2 2025. This surge demonstrates operational efficiency and the scalability of the company Bitcoin-driven business model. The breakout quarter comes as Metaplanet has expanded its Bitcoin holdings to 30,823 BTC as of September 30. It surpassed its fiscal 2025 target of 30,000 BTC. 

The company has raised over ¥500 billion to support its Bitcoin treasury strategy. This makes it one of the largest corporate holders of the asset. Management noted that these results provide a stronger foundation for its planned issuance of perpetual preferred shares. This financial instrument is central to Metaplanet strategy of accumulating Bitcoin without diluting common equity.

Phase II: Scaling Beyond Bitcoin Treasury

The company “Phase II” growth strategy aims to broaden revenue streams beyond direct Bitcoin accumulation. This includes building out complementary business lines. That can generate sustainable income while supporting treasury operations. One key initiative is Bitcoin.jp, a platform designed as Japan’s “gateway to everything Bitcoin.” The site is expected to host educational content, news, services and products. It is leveraging multi-channel partnerships, advertising and affiliate programs. 

Management believes the platform can become the country’s leading Bitcoin media hub. It further expands Metaplanet’s reach and brand presence. Additionally, Metaplanet is preparing to roll out “Project Nova.” A classified initiative expected to complement its existing businesses. Together, these efforts are positioned to create recurring revenue streams that fuel further Bitcoin accumulation.

Preferred Shares: A Core Financing Tool

Central to Metaplanet financial strategy is the issuance of perpetual preferred shares. It was approved by shareholders in September 2025. Unlike traditional debt, these instruments carry no maturity or refinancing risk. This provides what management describes as “permanent leverage” for Bitcoin acquisition.

The company argues that preferred shares can deliver attractive yields for Japanese investors. Especially in a low-interest environment where domestic short-term rates remain near 0.5%. With $7.5 trillion in household savings largely sitting in cash and deposits. Metaplanet sees strong potential demand for yield-generating instruments backed by Bitcoin. By relying on preferred shares rather than issuing new common equity. Metaplanet aims to maximize Bitcoin per share for existing shareholders. The strategy also aligns with the company broader goal of becoming the dominant issuer of Bitcoin-backed fixed-income products in Japan’s capital markets.

Building Asia’s “Bitcoin Rocketship”

Management describes its model as building Asia’s “Bitcoin rocketship.” With revenue generating businesses providing the thrust for perpetual Bitcoin accumulation. The approach seeks to balance investor yield, treasury growth and long term exposure to Bitcoin as a strategic asset. As Gerovich highlighted, the strong Q3 performance validates this framework. With record revenues, a doubling of guidance and expanded treasury holdings. Metaplanet appears positioned to accelerate its plans to capture 1% of Bitcoin’s total supply, about 210,000 BTC, by 2027. 

Simon Gerovich also announced that Metaplanet has climbed the ranks to become the fourth largest publicly traded Bitcoin treasury company in the world. This highlights the firms growing influence in the cryptocurrency market.  The latest results demonstrate that Metaplanet bet on Bitcoin is not only scaling but also reshaping its financial outlook. If the company Phase II initiatives gain traction. Its strategy could serve as a model for how corporates globally integrate Bitcoin into treasury and operations.