In the first quarter of 20125, Metaplanet We have posted the most powerful financial results in our 20-year history. This is driven by Bitcoin’s financial strategy, which is currently operating on a large scale.
Metaplanet doesn’t just adjust with Bitcoin. It mixes shareholder value by systematically increasing Bitcoin per share using capital market infrastructure, BTC-Native KPIs and repeated revenue strategies.
With 6,976 BTC and 170% BTC harvests on the balance sheet year by year and an increasing global footprint, Metaplanet is no longer a signal. This is a system.
Japanese Bitcoin Treasury Leader Breakout Quarter
Metaplanet’s first quarter results marked a turning point in consistency rather than a point of scale. For the first time, Core Operating Metrics and Bitcoin Treasury KPIs broke the company’s records.
Quarterly Finance:
- Revenue: ¥877m (+8% goq)
- Operating profit: ¥593m (+11% gog)
- Total assets: ¥55.0B (+81%)
- Net worth: ¥50.4b (+197%)
- Unrealized BTC profits (as of May 12th): ¥13.5b
The company reported valuation losses of ¥7.4 billion in Bitcoin positions as of the quarter end in March due to market prices, but noted that by mid-May those losses had completely reversed, with some inversions in part afterwards.
This context is important. Valuation volatility is expected in a BTC-controlled capital model. What’s more important is BTC growth per share, Operational profitabilityand Capital efficiency– All of that rose strongly.
BTC Holdings has skyrocketed to 6,976, 3.9 times the year
Metaplanet has been added 5,034 BTC Q1 alone will help you grow your Bitcoin holdings 6,976 BTC– Increased 3.9 times since January 1st.
It holds now:
- Approximately 68% of recent years 10,000 BTC targets
- Cost base of 13.27m per BTC
- Top 11 positions worldwide #1 in Asia Among the public companies held by Bitcoin
This accumulation was funded through Japan’s largest mobile strike warrant program. This allows the company to issue stocks to market strength without setting a fixed discount or strike. As of May 10th:
- 87% of the 210m share program is running
- ¥76.6B has been raised
- The program allowed for continuous BTC purchases without hindering stock price stability
BTC yield hits 170% – defines KPI
Metaplanet tracks unique Bitcoin native KPIs. BTC yieldmeasures the growth of Bitcoin per diluted share. Q1:
- BTC Yield: 170.0%
- BTC gain: 2,996 BTC
- BTC\Gain: ¥45.4b
This metric is central to how Metaplanet evaluates financial performance. Will BTC be effectively grown for each shareholder unit?.
BTC yields reflect accumulation, not just accumulation Capital Strategy. Equity raised must lead to BTC above the dilution. When that happens, the BTC yield increases. If not, drop it. This is a precision tool for discipline at the Ministry of Finance.
This reflects the innovation pioneered by strategy (previously micro-strategic), but clearly has an Asia-Pacific capital market model.
Operating profit is driven by Bitcoin revenue
Unlike many Bitcoin-centric companies, Metaplanet not only raises capital to buy Bitcoin, but also generates recurring profits.
That was the operating income for the first quarter ¥592Ma record of the new company.
break:
- ¥770m from Bitcoin revenue generation (Mainly from writing BTC Cash-Secured Puts)
- ¥104m after that Legacy Hotel Business
- Operation margin: 67.6%
Why is it important: This income model Reduce dependence on stock issuance and Improve capital flexibility. It also means that new capital can enter the BTC directly. This strengthens Metaplanet’s ability to grow both BTC and BTC per share.
The company is currently monetized 30 out of 58 days In 2025, while maintaining strict downside protection through BTC’s volatility strategy. This will turn balance sheet volatility into a revenue stream.
Metaplanet Premium for NAV and the Global Liquidity Edge
One of the crucial features of Metaplanet’s open market existence is NAV Premium– An unusual feat among Bitcoin finance companies.
At the current level, its shares far exceed the market value from the BTC holding mark and are adjusted for dilution. This premium is not a speculative fluke – it reflects the company’s way Structurally positioned to surpass Bitcoin per shareand how global investors are beginning to understand their capabilities and get prices.
The drivers for this premium are:
- Consistent BTC yield growth This strengthens the value per stock over the long term
- Preferred equity and debt-free clean cap table
- Deep domestic liquidity Tokyo Stock ExchangeMetaplanet is one of them Top 3 most aggressively traded With the volume of 2025
- wide ETF Inclusion And because of its volatility, sector neutrality, and transactionality, the participation of the algorithm index
- Global exposure mtplf (US OTC List) and DN3 (Germany), providing accessibility to retail and institutional capital across time zones
- A transparent, btc-native trailsury report that matches modern investors’ expectations
Metaplanet also attracted Capital flow across borders From investors on Bitcoin lined up for not only raw BTC exposure, but also for diversifying the jurisdiction and for growth in the Ministry of Finance. The company’s consistently positive BTC yields and operating profits helped strengthen this shareholder base; Organic demand-driven stock issuance At an additional price.
Asian Scalable Bitcoin Financial Model
As a premier member of Bitcoin for businessesMetaplanet plays an important role in shaping the global Bitcoin financial movement, especially within the Asia-Pacific region.
While most of the previous Bitcoin financing companies have emerged from the US, Metaplanet’s model proves that Bitcoin’s native capital strategies can expand within a variety of regulatory frameworks, capital markets and investor culture.
The company’s design is dedicated to maximizing bitcoin per share Without relying on fixed debt certificates Or an opportunistic “by-dip” moment. Instead, it leverages:
- Mobile Strike Equity Program It allows the stock to be issued only if market demand supports it
- Programmable Financial Acquisition FrameworkAllows daily BTC purchases without timing discretion or manual trading
- BTC revenue generation strategy This will result in volatility as operating profit.
- Integrated liquidity infrastructure across three regions and currencies (JPY, USD, EUR)
As a premier member of BFC, Metaplanet actively shares learning, metrics and execution insights with other public companies exploring Bitcoin Treasury adoption. Its structure is not only reproducible, but also exportable.
For businesses in Japan, Korea, Taiwan, Hong Kong, and Southeast Asia, Metaplanet offers more than a proof of concept. Provide a blueprint.
Also, as BFC continues to expand its international footprint, Metaplanet’s role will be central to how Bitcoin Native Capital Design playbooks evolve across the global market.
Conclusion: Metaplanet moves from signal to system
Metaplanet is no longer just Japan’s first Bitcoin Ministry of Finance. In Asia, it is becoming the first to build an operating model that proves that Bitcoin financial strategies can provide.
- High operating margin
- Capital-efficient BTC accumulation
- Scalable and transparent shareholder performance metrics
- Open market outperformance
Metaplanet has set a new standard with 6,976 BTC on the balance sheet, a 170% BTC yield, and a premium rating supported by the run (rather than hype).
It’s not just holding Bitcoin. What does it show Bitcoin First Capital Structure You can really do it.
Disclaimer: This content was written on behalf of Bitcoin for businesses. This article is for informational purposes only and should not be construed as an invitation or solicitation to acquire, purchase, or subscribe to any securities.
This post Metaplanet first published the record-breaking first quarter with massive Bitcoin Treasury growth in Bitcoin Magazine, written by Nick Ward.