{"id":6706,"date":"2026-02-17T06:34:39","date_gmt":"2026-02-17T06:34:39","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6706"},"modified":"2026-02-17T06:34:39","modified_gmt":"2026-02-17T06:34:39","slug":"metaplanet-books-605m-loss-as-bitcoin-slump-hits-treasury-strategy","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6706","title":{"rendered":"Metaplanet Books $605M Loss as Bitcoin Slump Hits Treasury Strategy"},"content":{"rendered":"

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  • Metaplanet reported a full-year loss of \u00a595 billion driven by a sharp mark-to-market decline in its 35,100 Bitcoin holdings.<\/span><\/li>\n
  • The company\u2019s Bitcoin stash is currently valued at roughly US$2.4 billion against an accumulation cost of US$3.8 billion, leaving it approximately 37% underwater.<\/span><\/li>\n
  • Similar treasury strategies are struggling across the sector as Strategy reported a US$17.4 billion unrealised loss for Q4 2025 following the market downturn.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Well, Metaplanet\u2019s Bitcoin (BTC) treasury strategy is starting to look painful on the income statement.\u00a0<\/p>\n

    The Japanese firm reported a full-year loss of \u00a595 billion, which it pegged at about US$605 million (AU$925 million), on revenue of \u00a58.9 billion, or about AU$88 million, after Bitcoin slid sharply from its October highs.<\/p>\n

    The hit was obviously driven by the mark-to-market decline in its Bitcoin holdings.\u00a0<\/p>\n

    Metaplanet said it held 35,100 BTC, valued at about US$2.4 billion (AU$3.6 billion) as of Monday. It has spent nearly US$3.8 billion (AU$5.8 billion) accumulating that stash over roughly 21 months at an average cost of about US$107,000 per Bitcoin (AU$163,710).<\/p>\n

    With BTC recently around US$68,000 (AU$104,040), the company is sitting on large paper losses. It referenced roughly US$1.2 billion (AU$1.8 billion) in unrealised losses, and elsewhere characterised the drawdown as roughly 37% and about US$1.4 billion (AU$2.1 billion) underwater.\u00a0<\/p>\n

    In the three months ended Dec. 31, it said the stash fell by \u00a5102 billion, or about US$664 million (AU$1,01 billion).<\/p>\n

    Read more: Bitcoin Back in the Red as Analysts Warn $60K is \u201cLiquidation Trigger\u201d<\/strong><\/p>\n

    Treasury Firms Suffering From The Market Downturn<\/h2>\n

    Metaplanet\u2019s operating business did not offset the market move. It generates most of its revenue from option-writing premiums, which it said jumped to \u00a57.9 billion, or about US$51 million (AU$78 million), from \u00a5691 million, or about US$4.5 million (AU$6.8 million).\u00a0<\/p>\n

    It forecast full-year revenue of 16 billion yen in 2026, up nearly 80%, and operating profit of 11.4 billion yen. The stock is down more than 62% over the past six months.<\/p>\n

    The drawdown has not been unique to Metaplanet. Strategy (formerly MicroStrategy), the template for many Bitcoin treasury companies, released Q4 2025 results as BTC dropped below about US$63K (AU$96K) and said the quarter included an unrealised loss on its digital assets of US$17.4 billion (AU$26 billion).\u00a0<\/p>\n

    Related: Australia\u2019s SMSFs Embrace Crypto as Regulation and ETFs Fuel New Wave of Adoption<\/strong><\/p>\n<\/p><\/div>\n

    Bitcoin,Metaplanet#Metaplanet #Books #605M #Loss #Bitcoin #Slump #Hits #Treasury #Strategy1771310079<\/p>\n","protected":false},"excerpt":{"rendered":"

    Metaplanet reported a full-year loss of \u00a595 billion driven by a sharp mark-to-market decline in its 35,100 Bitcoin holdings. The company\u2019s Bitcoin stash is currently valued at roughly US$2.4 billion against an accumulation cost of US$3.8 billion, leaving it approximately 37% underwater. Similar treasury strategies are struggling across the sector as Strategy reported a US$17.4<\/p>\n","protected":false},"author":1,"featured_media":6707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[2558,91,537,26,2388,260,2238,107,585],"class_list":{"0":"post-6706","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-605m","9":"tag-bitcoin","10":"tag-books","11":"tag-hits","12":"tag-loss","13":"tag-metaplanet","14":"tag-slump","15":"tag-strategy","16":"tag-treasury"},"yoast_head":"\nMetaplanet Books $605M Loss as Bitcoin Slump Hits Treasury Strategy - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6706\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Metaplanet Books $605M Loss as Bitcoin Slump Hits Treasury Strategy\" \/>\n<meta property=\"og:description\" content=\"Metaplanet reported a full-year loss of \u00a595 billion driven by a sharp mark-to-market decline in its 35,100 Bitcoin holdings. 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