Metaplanet Reveals Q3 BTC Expansion as Strategy Inc Stock Falls 7%

Metaplanet Inc. has published its consolidated financial results from the third quarter of the 2025 fiscal year. CEO Simon Gerovich, on November 13, 2025, reported a massive increase in its balance sheet as a result of the gradual rise in Bitcoin price over the year.

Q3 Revenue, Income, and Treasury Gains Show Sharp Year-Over-Year Growth

The firm reported a consolidated revenue of ¥4.517 billion, dating from January 1 to September 30, 2025. The revenue is very high compared to ¥168 million in the 2024 financial report of the same period. Operating income increased to ¥1.702 billion against a ¥183 million operating loss last year.

The company’s ordinary income was recorded at ¥23.229 billion. Last year, a ¥311 million loss was registered. Attributable net income to shareholders stood at ¥13.528 billion as compared to a loss of 321 million in the third quarter of the year 2024. Total revenue grew to ¥20.307 billion Yen.

Metaplanet reported ¥20.6 billion of non-operating income during the quarter. The firm earned ¥10.6 billion of the amount due to Bitcoin valuation effects. The upward trajectory followed a ¥17.4 billion gain in Q2, offsetting a ¥7.4 billion valuation loss in Q1.

Non-operating expenses stood at ¥190 million. Most of it is through the amortization of stock-issuance costs—the income tax adjustments amount to ¥9.35 billion, which is associated with crypto-linked valuation gains.

At the end of Q3 2025, total assets were recorded at ¥550.744 billion, compared to ¥ 30.325 billion at the end of FY2024. Net assets grabbed ¥532.907 billion to boost the equity ratio to 96.7% from 55.9% in the previous year.

Shareholders’ equity also accelerated during the period. Treasury-related capital increases and preferred-share authorizations supported the rapid acceleration passed earlier in the year.

The quarterly fundamental earnings per share stood at ¥23.22 with a post-10-to-1 stock split that took place April 1, 2025.

MSTR Price Takes a Dip

While Metaplanet recorded good financial gains, the U.S.-based Strategy Inc’s stock ($MSTR), dropped 7.15% on November 14 to closed at $208.54. Analyst speculate that the market could possibly be going into a stage of despair.

Charts show that the MSTR price is testing the same support zone it shot up on earlier in March of 2025. The long-term horizontal support is around $232.

Recent price action indicates that the price is currently breaking below this level during the day. The MSTR price closing far below this point at $208.54.

Volume profile shows heavy participation of the past between the two bands of $220-$260. The action indicates significant activity at the zone during the past consolidations.

The RSI value of 26.84 indicates the heavily oversold situations in the day-to-day chart. It is one of the lowest momentum figures in the year.

Various past capitulation signals have also been observed to fit oversold areas in the indicator window with February, May, August, and October 2025 being some of them. The most recent drop puts MSTR in this over sold group.

Google Finance data indicate the stock has a daily range of between $207.03 and $226.00. The year-to-date range in the stock is between $207.03 and $542.99, while the stock’s P/E ratio is 9.69.