🔴 Metaplanet Reports $170M Loss After Massive 10,000 BTC Sale
Japanese public company Metaplanet has posted a net loss of $170 million (27.16 billion yen) for the first nine months of 2026. The loss was driven by a $119.8 million hit from selling 10,000 BTC and a $50.3 million decline in the market value of its remaining Bitcoin holdings.
The company explained the sale of 10,000 BTC was a strategic move to prove to rating agencies and bond investors that it can quickly convert its Bitcoin into cash. Despite the sale, Metaplanet later purchased 11,000 BTC at a 9.3% higher price, bringing its total treasury to 44,000 BTC.
#Metaplanet #Bitcoin #BTC #CryptoNews
Japanese public company Metaplanet has posted a net loss of $170 million (27.16 billion yen) for the first nine months of 2026. The loss was driven by a $119.8 million hit from selling 10,000 BTC and a $50.3 million decline in the market value of its remaining Bitcoin holdings.
The company explained the sale of 10,000 BTC was a strategic move to prove to rating agencies and bond investors that it can quickly convert its Bitcoin into cash. Despite the sale, Metaplanet later purchased 11,000 BTC at a 9.3% higher price, bringing its total treasury to 44,000 BTC.
#Metaplanet #Bitcoin #BTC #CryptoNews