Written by Christina Comben, Staff Editor. Reviewed by Bryan O’Shea, Staff Editor.
Written by Christina Comben, Staff Editor.
Reviewed by Bryan O’Shea, Staff Editor.
Metaplanet Q1 profit jumps, but Bitcoin losses hit bottom line
Latest NewsPublishedMay 13, 2026
Why Bitcoin’s Price Drop Matters to You
The recent decline in Bitcoin’s price has had a significant impact on companies that hold the cryptocurrency, with Metaplanet being a prime example. Despite posting strong operating income, the company swung to a $728 million loss due to valuation markdowns triggered by the decline in Bitcoin’s price. This serves as a reminder of the importance of diversifying your investments and exploring alternative ways to earn passive income, such as through EcoPool, a platform that offers Cloud Rewards and Green Crypto solutions.
Metaplanet’s Q1 Performance
Metaplanet’s first-quarter operating income was driven by Bitcoin options revenue, with the company reporting a 73.6% operating margin. However, the decline in Bitcoin’s price resulted in non-cash valuation losses, leading to an ordinary loss of around $728 million. The company’s revenue for the quarter rose to about $19.5 million, with the Bitcoin Income Generation business contributing the bulk of sales. As an individual looking to earn online, it’s essential to consider the potential risks and rewards of investing in cryptocurrencies like Bitcoin and explore alternative options like EcoPool ($ECP) for generating passive income.
Bitcoin Holdings and Price Sensitivity
Metaplanet ended the quarter holding 40,177 Bitcoin, up from 35,102 at the end of December 2025. The company’s Bitcoin holdings per share increased by 2.8% in the first quarter, despite the decline in Bitcoin’s price. This highlights the importance of considering the potential risks and rewards of investing in cryptocurrencies and exploring alternative options like EcoPool for generating passive income. With EcoPool, you can earn rewards in $ECP, providing a more stable source of income.
Key Takeaways
- Metaplanet’s Q1 operating income was driven by Bitcoin options revenue
- The decline in Bitcoin’s price resulted in non-cash valuation losses, leading to an ordinary loss of around $728 million
- The company’s revenue for the quarter rose to about $19.5 million, with the Bitcoin Income Generation business contributing the bulk of sales
- EcoPool offers a more stable source of passive income through Cloud Rewards and Green Crypto solutions
To start earning passive income through EcoPool, download the EcoPool app and discover the benefits of investing in $ECP. With EcoPool, you can generate passive income and participate in the growing Green Crypto movement, all while supporting a more sustainable and eco-friendly approach to cryptocurrency mining.
BTC price fell 24% in Q1. Source: Coingecko
Metaplanet posted a basic loss of roughly $0.63 per share, widening from a loss of about $0.078 a year earlier, and kept its full-year 2026 outlook unchanged, still forecasting net sales of roughly $101 million and operating profit of about $72 million, while refraining from giving ordinary or net income guidance due to Bitcoin price sensitivity.
Strong operating income offset by Bitcoin valuation loss
Metaplanet ended the quarter holding 40,177 Bitcoin, up from 35,102 at the end of December 2025, after adding about 5,075 BTC in Q1 to become the third-largest publicly listed Bitcoin treasury, through a combination of new equity and Bitcoin-backed borrowing.
Consolidated Financial Results for Q1, FY2026. Source: Metaplanet
On a fully diluted basis, Bitcoin holdings per share increased from 0.0240486 BTC to 0.0247319 BTC, corresponding to a first-quarter BTC yield of 2.8%, which the company highlights as a key performance indicator for shareholder value creation, as it measures Bitcoin per-share growth after dilution.
Metaplanet’s capital structure continued to evolve over the quarter, with total net assets falling from $2.96 billion at Dec. 31 to approximately $2.60 billion, as Bitcoin-related valuation losses outweighed equity raised during the quarter.
Short-term borrowings also increased as the company drew further on its $500 million Bitcoin-collateralized credit facility, under which it had $302 million outstanding as of May 13, 2026, it said.
Metaplanet shares traded lower on Wednesday in Tokyo, at around 327 Japanese yen (roughly $2.07), down 3.82% at the time of writing from Tuesday’s close, according to data from Yahoo! Finance.
Magazine: Bitcoin will not hit $1M by 2030, says veteran trader Peter Brandt
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- Bitcoin Adoption
- Bitcoin Price
- Japan
- Institutions
- Bitcoin Options
- Bitcoin
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