Metaplanet posts $170M loss as Bitcoin sale and valuation losses weigh on earnings
BITCOINMetaplanetcoinbrief/daily · 1 source
- Severity
- Low
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- 1
What happened
Metaplanet reported a loss of $170 million, with Bitcoin sales, valuation losses on its holdings and higher borrowing costs cited as the main drags on earnings. Revenue and operating profit increased over the same period, so the loss was driven below the operating line. The article does not give the reporting period or further detail on its Bitcoin position.
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Who reported · 1 outlet
Cointelegraph
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