Metaplanet cuts 2026 revenue target 59% as bitcoin treasury model strains
AI summary
Metaplanet, the Tokyo-listed Bitcoin treasury company, cut its 2026 revenue forecast by 59% to ¥6.5 billion from ¥16 billion, and its operating profit forecast by 74% to ¥3 billion from ¥11.4 billion. The company attributed the reduction to its own discounted stock, which fell 4.37% to ¥219 on the day and is down 53.21% over the period. The news matters to traders because Metaplanet is one of the largest corporate BTC holders, and a weakened equity story could slow its ability to raise capital for further bitcoin purchases.
