Metaplanet Q1 net loss of $725.6 million; operating profit margin 73.6%; eToro Q1 crypto revenue down 38% but net contribution +19%; JPMorgan officially launches JLTXX Ethereum tokenized money market fund

ME News Reports, May 14th (UTC+8), according to BBX Cryptocurrency Concept Stock Information Summary, Yesterday Metaplanet released Q1 financial report: net loss of $725.6 million (mainly due to non-cash BTC impairment), operating profit margin as high as 73.6%; eToro Q1 financial report shows crypto asset net contribution dropped to $13 million, but overall net contribution +19% beating expectations; JPMorgan Chase officially announced the release of its second Ethereum tokenized money market fund JLTXX, with $100 million of proprietary funds as seed, specifically designed for compliant reserves for stablecoin issuers.

【Core Dynamic Highlights】

• Metaplanet Inc. (TSE: 3350 / OTCQX: MTPLF) Q1 financial report on May 13: net loss of ¥114.5 billion ($725.6 million), mainly due to non-cash fair value impairment of BTC of ¥116.4 billion (Q1 BTC fell from $87,000 to $66,000); revenue +251.1% to ¥3.08 billion ($19.5 million), operating profit +282.5%, operating profit margin 73.6% (mainly from Bitcoin Income Generation options strategy). As of March 31, held 40,177 BTC (Q1 added 5,075 BTC), BTC yield 2.8%, third among global listed companies; $500M credit line has been drawn to $302 million; full-year guidance remains at net sales of approximately $101 million and operating profit of about $72 million; stock price fell about 3.82% to 327 yen.
• eToro Group Ltd. (NASDAQ: ETOR) Q1 2026 financial report on May 12 (detailed by CoinDesk on May 13): gross crypto revenue of $2.15 billion (down 38% YoY, Q1 2025 was $3.5 billion), crypto costs $2.17 billion, crypto net contribution only about $13 million (down from $17 million YoY); Q1 crypto trading volume -32% YoY, average single trade amount -22%; but overall net contribution +19% to $258 million (beating expectations of $234.5 million), driven mainly by a fourfold increase in commodity trading volume (accounting for 60% of trading commissions); GAAP net profit $82 million (+37%), adjusted EPS $0.91 (beating expectations of $0.75), adjusted EBITDA $109 million (+35%); assets under management (AUA) $17 billion (+15%), funded accounts 4.02 million (+12%). Completed acquisition of Zengo (self-custody crypto wallet) on April 30 (about $70 million), activated Bitcoin BitLicense and launched crypto trading in New York. CEO Yoni Assia stated continued bullish outlook on the crypto market and expects prices to rebound to historical highs.

JPMorgan Chase & Co. (NYSE: JPM) Official release on May 13: J.P. Morgan Asset Management officially announced the launch of its second Ethereum tokenized money market fund JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX), with $100 million of proprietary funds as seed, with Anchorage Digital involved; the fund operates on the Ethereum public chain, managed via the company’s Kinexys Digital Assets platform, investing solely in short-term U.S. Treasury and repurchase agreements fully collateralized by Treasuries/cash; designed specifically to meet reserve asset compliance requirements for stablecoin issuers under the GENIUS Act framework; annual fee 0.16% (capped before June 2028); minimum investment of $1 million, subscription via Morgan Money platform, investors receive on-chain Ethereum tokens; SEC registration effective May 13, specific launch date not disclosed. This is JPMorgan’s second tokenized product after the December 2025 MONY fund; the current global tokenized treasury market size has exceeded $32 billion. (Source: BBX)