Metaplanet operating profit to rise 81% in 2026 after soaring 17-fold last year on options writing
Analysis
Price Impact
MedMetaplanet, a major japanese bitcoin treasury company, reported a massive 17-fold increase in operating profit in 2025, largely due to options writing. they forecast another 81% rise in 2026. this demonstrates sophisticated institutional strategies to generate yield from bitcoin holdings. however, the company also recorded a significant non-cash valuation loss of $650 million due to bitcoin's price drop from its all-time high, currently sitting on $1.2 billion in unrealized losses. this presents a mixed signal: strong company performance derived from btc, but also a stark reminder of btc's volatility and recent downturn.
Trustworthiness
HighCoindesk is a reputable crypto news source, and the information is based on metaplanet's official financial reports and forecasts, a publicly traded company.
Price Direction
NeutralWhile metaplanet's successful options strategy and continued holding of 35,102 btc (worth $2.4 billion) despite unrealized losses suggest strong institutional conviction in bitcoin's long-term value, the reported $650 million valuation loss due to a recent price drop highlights current market weakness. the news is more about a company's financial performance around btc rather than a direct bullish or bearish catalyst for btc's price itself. it showcases both the opportunities and risks associated with holding large amounts of bitcoin.
Time Effect
LongThe article discusses metaplanet's 2025 financial results and 2026 forecasts, indicating a long-term perspective on the company's strategy and bitcoin's role in its business model.
Original Article:
Article Content:
Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Metaplanet operating profit to rise 81% in 2026 after soaring 17-fold last year on options writing The company recorded a non-cash bitcoin valuation loss of 102.2 billion yen ($650 million) due to the cryptocurrency’s price drop. By Francisco Rodrigues , AI Boost | Edited by Sheldon Reback Feb 16, 2026, 11:55 a.m. Make us preferred on Google (Anne Nygård/Unsplash/Modified by CoinDesk) What to know : Metaplanet reported a 17-fold increase in operating profit to 6.28 billion yen ($40.8 million) and a 738% rise in revenue. Operating profit is forecast to rise 81% this year. The company recorded a non-cash bitcoin valuation loss of 102.2 billion yen ($650 million) due to the cryptocurrency’s price drop. Metaplanet (3350), the largest bitcoin BTC $ 68,761.07 treasury company in Japan, forecast full-year operating profit will rise 81% this year after premiums from writing options drove a 17-fold increase in 2025. The company, which owns 35,102 BTC, earned 6.29 billion yen ($40.8 million) in operating profit last year. Premiums on writing options surged to 7.98 billion yen from 691 million in 2024. Total revenue rose 738% to 8.9 billion yen. Still, as the price of bitcoin dropped from a near $125,000 all-time high to end the year below $90,000, Metaplanet recorded a non-cash valuation loss of 102.2 billion yen, dragging net income down to a loss of 95 billion yen ($605 million). STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . The Tokyo-based company still holds more than $2.4 billion worth of bitcoin and expects to generate nearly all of its 2026 revenue from these holdings. It is currently sitting on around $1.2 billion in unrealized losses, given BTC’s price drop to $68,550. The company said it expects full-year revenue to grow almost 80% in 2026 to 16 billion yen, with operating profit reaching 11.4 billion yen. The shares rose 0.31% to 326.0 yen on Monday. MetaPlanet Bitcoin Options Bitcoin AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . Di più per voi Accelerating Convergence Between Traditional and On-Chain Finance in 2026? Di CoinDesk 30 gen 2026 Commissioned by Societe Generale-FORGE Leggi tutta la storia More For You Russia's daily crypto turnover is over $650 million, Ministry of Finance says By Francisco Rodrigues | Edited by Omkar Godbole 2 hours ago Government and central bank officials are pushing for legislation to regulate cryptocurrency activities, aiming for passage during the spring session. What to know : Cryptocurrency turnover is estimated at $650 million daily and $130.5 billion annually, primarily occurring outside regulated channels, according to the Ministry of Finance. Government and central bank officials are pushing for legislation to regulate cryptocurrency activities, aiming for passage during the spring session. The new framework would allow licensed exchanges and brokers to offer cryptocurrency services, including spot trading, with specific licensing for exchange offices and penalties for unlicensed intermediaries. Read full story Latest Crypto News Animoca Brands clears major regulatory hurdle with new Dubai license 17 minutes ago Ether steadies after $540 million sell wave to outperform wider crypto market 1 hour ago Strategy says it can survive even if bitcoin drops to $8,000 and will 'equitize' debt 2 hours ago Russia's daily crypto turnover is over $650 million, Ministry of Finance says 2 hours ago Binance's CZ echoes Consensus panelists on lack of privacy blocking crypto adoption 3 hours ago OKX snags European payments license for stablecoin and crypto card expansion 3 hours ago Top Stories Crypto market drowns in red as bitcoin falls to $68,000 5 hours ago Wall Street giant Apollo deepens crypto push with Morpho token deal 14 hours ago BlackRock's digital assets head: Leverage-driven volatility threatens bitcoin’s narrative 21 hours ago Wall Street remains bullish on bitcoin while offshore traders retreat 23 hours ago Galaxy’s Steve Kurz sees ‘great convergence’ driving crypto’s long-term outlook Feb 14, 2026 Trump-linked Truth Social seeks SEC approval for two crypto ETFs Feb 13, 2026 In this article BTC BTC $ 68,834.51 ◢ 2.11 %