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 loss of about $170 million. It sold some of its Bitcoin, and the value of its holdings fell, which hurt its results even though it earned more revenue and operating profit.
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Who reported · 1 outlet
Cointelegraph
Who and what is in it
Companies
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