Metaplanet reports $11M revenue from Bitcoin income generation in Q2 2026

Metaplanet, Japan’s most prominent publicly traded Bitcoin treasury company, pulled in $10.75 million in revenue from its Bitcoin income business during the second quarter of fiscal year 2026. That figure, announced on July 2, lands right in line with the company’s own forecast of roughly $11 million.

The Bitcoin income operation now represents the core of Metaplanet’s entire revenue engine. The Bitcoin income business launched in Q4 2024.

How Metaplanet actually makes money from Bitcoin

Metaplanet generates revenue primarily through premiums collected from cash-secured Bitcoin options. The company sells options contracts on its Bitcoin holdings, collecting fees (premiums) from buyers regardless of whether those contracts are exercised.

This strategy drove 95% of the company’s revenue growth in FY2025, according to the company’s disclosures.

The bigger picture: full-year guidance and Bitcoin ambitions

Metaplanet’s guidance for the full fiscal year 2026 projects total revenue of approximately 16 billion yen, which translates to roughly $103 to $104 million. Operating profit is expected to land around 11.4 billion yen, or about $73 to $74 million. The vast majority of that revenue is expected to come from the Bitcoin income segment.

As of March 31, 2026, Metaplanet held 40,177 BTC on its balance sheet. The company has publicly stated its goal of holding more than 100,000 BTC by the end of 2026 and is targeting 210,000 BTC by the end of 2027. 210,000 BTC represents 1% of Bitcoin’s total fixed supply of 21 million coins.

Diversifying beyond options premiums

In June 2026, the company acquired Siiibo Securities for approximately 2.1 billion yen, or about $13 million. The acquisition is designed to let Metaplanet offer Bitcoin-linked yield products to a broader investor base.

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