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.
