Metaplanet Records $679M Bitcoin Loss, Stock Declines

Metaplanet Inc., a Japanese company, reported a $679 million non-cash impairment loss on its Bitcoin holdings for December 2025, which resulted in a stock drop.

Metaplanet’s decision to acquire a total of 35,102 BTC through 2025 has become a focal point amid the reported loss. The Japanese firm had recently expanded its holdings, purchasing 4,279 BTC at an average cost of approximately $102,000 each in December. Despite aggressive Bitcoin treasury management, Metaplanet’s stock witnessed a ~7% downturn, trading at ~¥405, primarily driven by market volatility and the announced $679 million impairment loss in late December 2025.

The immediate market reaction was notable, reflecting investor concerns over Bitcoin’s stability and the company’s strategy. Latest news and updates on cryptocurrency have highlighted how Metaplanet’s emphasis on Bitcoin as a core asset led to a 10% trading discount from its net asset value. The strategic partnership with Norges Bank aims to bolster commitments towards accumulating 100,000 BTC, reflecting the industry’s broader implications.

Insights indicate potential regulatory scrutiny, although no formal investigations from Japanese or international regulators have emerged. Institutional backing continues, as reflected in raised revenue forecasts and previous share buyback initiatives. This financial commitment, despite Bitcoin’s volatility, highlights Metaplanet’s resolve in maintaining its BTC-centric strategy.

Adam Livingston, Crypto Analyst, “Metaplanet’s yen weakness advantage amid Japan’s 250% debt-to-GDP, yen printing presents a unique market position.” (source)

A historical context places Metaplanet among companies facing downturns in BTC investment results, spurring cautious optimism over future treasury management and asset diversification strategies. The company’s recent moves, including establishing the U.S.-based Metaplanet Income Corp, could suggest strategic shifts designed to leverage existing Bitcoin assets in new markets.