Metaplanet’s Sales Surge Despite Bitcoin Losses

Metaplanet, a Tokyo Stock Exchange-listed company, defied the recent downturn in the Bitcoin market by reporting impressive year-over-year growth in net sales for the first quarter of 2025. The company revealed a staggering 943.9% surge in net revenue, reaching ¥877 million despite a net loss of ¥50.46 billion attributed to fluctuations in Bitcoin valuation. Notably, Metaplanet achieved an operating profit of ¥592 million and unrealized gains of approximately ¥13.5 billion, showcasing resilience against market volatility.