Metaplanet posts $170M loss as Bitcoin sale and valuation losses weigh on earnings
BITCOINMetaplanetcoinbrief/daily · 1 source
- Severity
- Low
- Sources
- 1
What happened
Metaplanet, a Japanese company, reported a $170 million loss, driven by Bitcoin sales, valuation losses and rising borrowing costs. Revenue and operating profit both rose, but the losses outweighed them.
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Who reported · 1 outlet
Cointelegraph
Who and what is in it
Companies
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