Metaplanet reports a net loss of 95 trillion yen (approximately (619 million USD) due to revaluation of Bitcoin.
Metaplanet, a Tokyo-based company holding Bitcoin, reported a net loss of 95 billion yen for the fiscal year ending December 31, reversing a profit from the previous year. This loss mainly resulted from a reevaluation of its Bitcoin portfolio. Despite a significant drop in Bitcoin prices, the company's balance sheet remains strong, with a high equity ratio and sufficient assets to cover liabilities. The firm reported substantial revenue growth and exceeded its Bitcoin holding targets, aiming for future expansion despite market volatility.
BTC-1.38%
TapChiBitcoin·02-17 00:29



