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 Updates, May 14 (UTC+8), according to BBX Cryptocurrency Concept Stock Information Disclosure, Yesterday, Metaplanet released its Q1 financial report: net loss of $725.6 million (mainly due to non-cash BTC impairment), with an operating profit margin as high as 73.6%; eToro’s Q1 report shows crypto assets’ net contribution falling to $13 million, but the overall net contribution +19% beat expectations; JPMorgan Chase officially announced the launch of its second tokenized Ethereum money market fund, JLTXX, seeded with $100 million in proprietary capital, designed specifically for compliance-reserve arrangements 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% (Bitcoin Income Generation options strategy as the main source). As of March 31, it held 40,177 BTC (Q1 added 5,075 BTC); BTC yield 2.8%, the third among global listed companies; the $500M credit facility has drawn down $302 million; full-year guidance for net sales of approximately $101 million and operating profit of about $72 million** remains unchanged**; the share price fell by about 3.82% to 327 yen.
• eToro Group Ltd. (NASDAQ: ETOR) Q1 2026 financial report on May 12 (detailed by CoinDesk on May 13): crypto asset gross revenue $2.15 billion (year over year -38%, Q1 2025 was $3.5 billion), crypto asset costs $2.17 billion, crypto net contribution of only about $13 million (down from $17 million year over year); Q1 crypto trading volume -32% YoY, average value per trade -22%; but overall net contribution +19% to $258 million (above expectations of $234.5 million), driven mainly by a fourfold year-over-year increase in commodity trading volume (accounting for 60% of trading commissions); GAAP net profit $82 million (+37%), adjusted EPS $0.91 (above expectations of $0.75), adjusted EBITDA $109 million (+35%); assets under management AUA $17 billion (+15%), funded accounts 4.02 million (+12%). Completed the acquisition of Zengo (self-custody crypto wallet) on April 30 (about $70 million), activated the Bitcoin BitLicense and launched crypto trading in New York. CEO Yoni Assia said he remains bullish on the crypto market and expects prices to rebound to historical highs.

JPMorgan Chase & Co. (NYSE: JPM) May 13 official release: J.P. Morgan Asset Management officially announced the launch of its second tokenized Ethereum money market fund, JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX), seeded with $100 million of proprietary capital, with Anchorage Digital also participating; the fund runs on the Ethereum public chain, managed through the company’s Kinexys Digital Assets platform, investing only in short-term U.S. Treasuries and overnight repurchase agreements that are 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% (fee capped until June 2028); minimum investment $1 million, subscribed via the Morgan Money platform, and investors receive on-chain Ethereum token balances; SEC registration effective May 13, with no specific opening date disclosed. This is JPMorgan’s second tokenized product after the MONY fund in December 2025; the current global tokenized Treasury market size has already exceeded $32 billion. (Source: BBX)