Metaplanet Continues to Buy the Dip Despite Net Loss of $619 Million Due to Bitcoin Depreciations

Tokyo-headquartered Metaplanet, also the world’s fourth-largest public Bitcoin holding company, reported a loss of $619 million for the fiscal year.

But here’s the twist! They don’t sell. Instead of retreating, the company aggressively increased its Bitcoin reserve to 35,102 BTC. Additionally, Metaplanet reaffirmed its long-term goal of owning 1% of the total Bitcoin supply, or 210,000 BTC.

February 16, 2026, Simon Gerovich, CEO of Metaplanet took to X to reveal guidance for fiscal 2026, which includes revenue of +80% year-on-year and operating profit of +81% year-on-year.

Metaplanet posted a net loss of 102.2 billion yen ($665.8 million), mainly due to a decline in the value of its Bitcoin holdings. While paper losses dominated the balance sheet, Metaplanet’s core operations thrived. Revenue jumped 738% to 8.91 billion yen ($58 million), from 1.06 billion yen the previous year.

“We launched the Bitcoin Income business in the fourth quarter of 2024. Since then, this strategy has become our primary source of revenue and is expected to remain a key driver of earnings growth,” the company said.

Source: Metaplanet

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Metaplanet continues to buy the dip

Just like when MicroStrategy shares face pressure during market downturns, Asian company MicroStrategy, aka Metaplanet, is seeing red ink as Bitcoin’s current price is below its average purchase price of around $107,000.

Currently, Bitcoin is struggling to hold $68,000.

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But don’t let the headlines fool you: even though the valuation is down, they’re sticking to the plan.

Metaplanet reported an unrealized loss of $664 million on Bitcoin for the 2025 financial year.

But take a closer look:
➤ $BTC holdings jumped from 1,762 → 35,102 BTC (now the 4th largest public holder)
➤ Turnover up 738% year-on-year
➤ Profit up 1,694% year-on-year

The engine of growth? Bitcoin options trading, no price gains.… pic.twitter.com/ksW1uZPruh

-Crypto Patel (@CryptoPatel) February 17, 2026

Despite the paper losses, they buy the dip. They ended the year with 35,102 BTC, an increase of 1,892% from the previous year. This mirrors how Strategy reported profits during similar crashes: ignore the paper valuation and keep stacking the sats.

Metaplanet continues to target 210,000 BTC by 2027 via its “555 Million Plan”.

The company even noted that its balance sheet is “robust” enough to survive even if Bitcoin falls another 86%, proving that it is prepared for extreme volatility.

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