Metaplanet Inc. [3350.T]

TOKYO, Apr 02 (Pulse News Wire) – Metaplanet Inc. (3350.T) reported revenue of $X million for the first quarter of its fiscal year ending December 2026 from its Bitcoin Income business.

The company's Bitcoin Income business generates continuous operating income through the use of Bitcoin-related options while supporting long-term expansion of Bitcoin holdings. In the latest quarter, Metaplanet recorded revenues of $X million, compared to $X million for the full fiscal year 2025. The revenue includes gains and losses realized during the quarter, as well as unrealized gains and losses at the end of the reporting period, according to Japanese accounting standards (J-GAAP). However, the revenue does not reflect unrealized gains or losses associated with long-term Bitcoin holdings. For additional context, here is a summary of quarterly sales figures: | Quarter | Revenue | |---------|---------| | Q4 2024 | $X million | | Q1 2025 | $X million | | Q2 2025 | $X million | | Q3 2025 | $X million | | Q4 2025 | $X million | | Q1 2026 | $X million | Note: Dollar-denominated sales figures are converted to yen based on the exchange rate as of March 31, 2026, and may fluctuate in the future.

Twelve-month rolling averages are provided to smooth out quarterly revenue volatility and supplementally illustrate the company’s revenue generation trends. Regarding capital structure, the Bitcoin Income business operates within a dedicated income-generating portfolio, utilizing various Bitcoin option trades, including collateralized Bitcoin option strategies. Activities related to derivative acceptance are confined to assets allocated to the portfolio and are operationally separated from the company's long-term holding purposes. Long-term held Bitcoins are not exposed to derivatives and remain continuously held. Capital allocated to the income-generating portfolio may be integrated back into long-term Bitcoin holdings post-cycle completion but will not be redeployed into the income-generating cycle.

This structure supports the company's capital strategy by generating ongoing operating cash flow and contributes to the formation of long-term assets, which serve as backing for long-term funding sources such as preferred shares, thereby enhancing the company's financing base.

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