Metaplanet Reports 42% Revenue Growth Driven by Bitcoin

TLDR

• Metaplanet’s revenue grew by 42% in Q2 2025.
• The company holds 13,350 BTC valued at $1.31 billion.
• MTPLF stock gained 400% year-to-date, outperforming Bitcoin.

Japan’s Metaplanet Inc. has announced a notable second quarter performance for 2025. The company’s revenue increased by 42% quarter-over-quarter, with Bitcoin income being the major driver of this growth.

Metaplanet, a Tokyo-based company and publicly listed, is recognized as a Bitcoin-focused treasury. The company’s Twitter account has been active in providing updates on their financial metrics and BTC acquisitions.

BTC Holdings Reach New Heights

According to Metaplanet’s declaration dated June 30, 2025, the company holds 13,350 BTC. This acquisition equates to roughly $1.31 billion, with an average purchase cost of $97,832 per Bitcoin. Updates regarding these acquisitions are shared through their official channels, highlighting the company’s strategic alignment with Bitcoin-focused operations.

The company achieved a BTC Yield of 129.4% for the quarter from April 1 to June 30, 2025. Reinforcing its position as a leader among Japanese BTC treasuries, Metaplanet continually integrates a Bitcoin-focused income strategy.

Institutional Actions and Financial Planning

The board of directors at Metaplanet approved the issuance of $208 million in zero-interest bonds. These funds will be used for further Bitcoin acquisitions, demonstrating their commitment to expanding their BTC holdings.

As a further indicator of its financial health, the company stated a “Months to Cover” ratio of 4.3 months. This measure suggests robust reserves to support their aggressive Bitcoin acquisition pace.

Performance of MTPLF Stock

Metaplanet’s U.S.-listed subsidiary, MTPLF, significantly outperformed Bitcoin in terms of year-to-date gains. With a 400% gain compared to Bitcoin’s 15%, investor enthusiasm remains strong for their Bitcoin-centric public equity approach.

The structure of its stock price resembles that of MicroStrategy’s strategy, where stock increases have previously outpaced Bitcoin through leveraged purchases.

Analyst Insights on Bitcoin Strategy

“At its current pace of Bitcoin accumulation, the company could justify a 5.24× premium within that period.”

Adam Livingston

Bitcoin analyst Adam Livingston shared his views on Metaplanet’s aggressive Bitcoin buying strategy. He remarked on the potential premium that could be justified by this high acquisition rate, signaling positive market sentiments. Click here to read more from Adam Livingston on Twitter.