MAROKO133 Hot crypto: Paper Loss, Real Growth: Metaplanet Projects 80% Revenue Jump Edisi

📌 MAROKO133 Eksklusif crypto: Paper Loss, Real Growth: Metaplanet Projects 80% Rev

Tokyo-listed Bitcoin treasury company Metaplanet (TSE: 3350) revised its FY2025 full-year earnings forecast on January 26. The company revealed a ¥104.6 billion ($678 million) Bitcoin impairment loss while raising its operating profit guidance.

The results offer a real-time stress test for the Digital Asset Treasury model, which faced intense skepticism throughout late 2025.

Bitcoin Impairment Is a Non-Cash Accounting Adjustment

Despite the headline loss, the company upgraded its FY2025 revenue forecast to ¥8.9 billion ($57.7 million), up 31% from its previous estimate of ¥6.8 billion. Operating profit rose 33.8% to ¥6.29 billion ($40.8 million). Stronger-than-expected Bitcoin Income Generation revenue drove the upgrade.

The company marked its Bitcoin holdings to market at each quarter-end under Japanese accounting standards. The resulting impairment was recorded as a non-operating expense, leading to a consolidated net loss of ¥76.6 billion ($497 million).

Metaplanet emphasized that the impairment “is merely an accounting valuation adjustment reflecting temporary price fluctuations at quarter-end and has no direct impact on cash flows or business operations.”

The company also noted a ¥22.6 billion ($147 million) foreign exchange gain from yen depreciation, partially offsetting the Bitcoin loss. The net decrease in Bitcoin NAV recorded in fixed assets amounts to approximately ¥82 billion ($532 million).

Dylan LeClair, Metaplanet’s Director of Bitcoin Strategy, characterized the results as showing “strong momentum in core operations with high transparency,” noting that the impairment loss is non-cash while BTC holdings surged to 35,102 coins.

20x Increase in Bitcoin Holdings

Metaplanet’s Bitcoin treasury grew dramatically throughout FY2025. Holdings reached 35,102 BTC by year-end 2025, up from 1,762 BTC a year earlier—a nearly 20-fold increase.

BTC Yield—measuring Bitcoin growth per fully diluted share—reached 568% for the full year. Management stated that “capital strategy and Bitcoin acquisition programs have exceeded initial targets.”

During Q4, Metaplanet diversified its funding sources through the issuance of Series B Perpetual Convertible Preferred Stock (“MERCURY”) and established a $500 million credit facility, enabling more flexible capital deployment less dependent on share price levels.

A Test Case for the Embattled DAT Model

Metaplanet has been at the center of the Digital Asset Treasury (DAT) debate since the model began unraveling in late 2025. In October, the company’s enterprise value dipped below its Bitcoin reserves for the first time, a sign of diminishing global investor appetite for the sector. Its mNAV—a metric comparing market cap to crypto holdings—fell below 1.0x, and the stock plunged roughly 80% from its June peak of ¥1,930.

Critics like Jim Chanos dismissed the DAT model as “financial gibberish,” while Galaxy Digital warned that the proliferation of over 200 treasury firms echoed the speculative excesses of 1920s investment trusts. Metaplanet, once trading at eight times the value of its Bitcoin holdings, became a poster child for the sector’s volatility.

FY2026 Outlook: 80% Growth Expected

For fiscal year 2026, Metaplanet projects revenue of ¥16 billion ($104 million), up 79.7% year-over-year, and operating profit of ¥11.4 billion ($74 million), up 81.3%. Of the projected revenue, ¥15.6 billion is expected from the Bitcoin Income Generation business. This suggests that income-generating strategies built atop Bitcoin holdings may prove more resilient than pure accumulation plays.

The company did not provide guidance for ordinary income or net income due to the inherent difficulty in forecasting Bitcoin prices. Final FY2025 figures will be disclosed in the earnings report scheduled for February 16, 2026.

The post Paper Loss, Real Growth: Metaplanet Projects 80% Revenue Jump appeared first on BeInCrypto.

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📌 MAROKO133 Hot crypto: Why Is The Crypto Market Up Today? Wajib Baca

The crypto market cap (TOTAL) registered the first actual rebound after nearly 2 weeks as the market conditions improved. Bitcoin (BTC) is maintaining its position above a crucial support, while Axie Infinity (AXS) is leading the altcoins with a 27% rise.

In the news today:-

• Coinone denied reports of talks to sell a stake to Coinbase, dismissing speculation of a renewed US push into South Korea’s crypto market. The response highlights ongoing regulatory barriers that continue to limit foreign exchange expansion despite consolidation among local platforms.
• A UK Cryptoasset Business Council survey found that major banks block or delay about 40% of payments to crypto exchanges, sharply restricting access. Exchanges report rising payment failures, with the UK now among the most difficult markets globally for crypto banking access.

The Crypto Market Paints Green

The total crypto market cap rose by $75 billion over the past 24 hours, reaching $2.96 trillion at the time of writing. The rebound follows signs of selling pressure exhaustion, suggesting short-term stabilization. Improving sentiment has encouraged buyers to re-enter, supporting a gradual recovery across major digital assets.

Sustained momentum could push TOTAL toward the $3.00 trillion resistance level. A successful reclaim would likely flip this psychological barrier into support. If confirmed, the broader crypto market could extend gains toward $3.05 trillion, reflecting renewed confidence and stronger participation from both retail and institutional investors.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Recovery remains fragile if follow-through weakens. Failure to sustain buying interest could trigger renewed profit-taking. Under that scenario, TOTAL may retreat toward the $2.92 trillion support zone or lower, signaling hesitation and delaying a more durable market-wide recovery.

Can Bitcoin Bounce Back?

Bitcoin trades near $88,630 at the time of writing, reflecting stabilization rather than renewed bullish momentum. The price has avoided deeper losses by holding above the 23.6% Fibonacci retracement at $86,976. This level remains critical as market sentiment stays cautious amid limited upside follow-through.

The $86,976 zone is widely viewed as a bear market support floor. Defending it has so far prevented sharper downside moves. As long as this support holds, Bitcoin is likely to consolidate and attempt a gradual move toward the $90,000 psychological resistance in the near term.

Downside risk persists if momentum weakens. A decisive break below $86,976 would undermine the current structure. Under that scenario, Bitcoin could slide toward the $84,694 support, increasing vulnerability to further losses and reinforcing bearish pressure across the broader crypto market.

Axie Infinity Surprises Investors

AXS trades near $2.60 at the time of writing, sitting below the $2.92 resistance. The altcoin has shown strong momentum, rising sharply over recent weeks. Sustained buying interest has supported the uptrend, positioning AXS among the stronger performers despite broader market uncertainty.

Bullish momentum suggests downside may remain limited. Any short-term pullbacks would likely serve as healthy consolidation, preventing buying pressure exhaustion. If demand persists, AXS could gradually build strength and attempt a breakout, setting the stage for a move toward the $3.40 resistance zone.

Risk emerges if profit-taking intensifies. A failure to reclaim $2.92 could weaken momentum and invite selling pressure. Under that scenario, AXS may retrace from current levels rather than extend higher, delaying any advance toward $3.40 and invalidating the near-term bullish outlook.

The post Why Is The Crypto Market Up Today? appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com