NEW: Metaplanet reported Q1 FY2026 revenue of ¥3.08 billion, up 251% year over year, as the firm continued aggressively expanding its Bitcoin treasury strategy. Operating profit rose 282.5% YoY to ¥2.27 billion, according to results shared by CEO Simon Gerovich. The company also reported a 73.6% operating margin and a 2.8% BTC yield for the quarter. Despite strong operational growth, Metaplanet posted a net loss of ¥114.5 million due to non-cash Bitcoin valuation adjustments tied to BTC price fluctuations. The results highlight how accounting treatment continues to distort earnings for Bitcoin treasury firms. Metaplanet previously reported an FY2025 net loss of roughly ¥95 billion, largely driven by a ¥102.2 billion non-cash Bitcoin markdown.