Japan’s Biggest Corporate Bitcoin Holder Reports $736 Million Valuation Loss
Metaplanet reported strong sales growth from Bitcoin derivative strategies even as BTC valuation losses hammered net earnings. Metaplanet reported a ¥114.5 billion (around $725.6 million) net loss in the first quarter of fiscal year 2026, as declining Bitcoin prices led to massive accounting valuation losses on its holdings. The company reported an ordinary loss of...
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