Techub News reports, according to Bitcoinist, Metaplanet released its Q1 financial report showing a loss of $728 million due to a 24% drop in Bitcoin prices. As of the end of March, its Bitcoin holdings increased to 40,177 coins, up 5,075 coins from the previous quarter. Despite the impairment valuation, the company's Q1 operating profit was approximately $14.38 million. It has used $302 million in credit lines to buy coins, with net assets decreasing from $2.96 billion to $2.6 billion, maintaining the full-year sales target of about $100 million and operating profit of $72 million.

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