Metaplanet Books $725 Million Q1 Loss as Bitcoin Stack Hits 40,177 BTC
BeInCrypto
Metaplanet reported a $725 million Q1 loss due to Bitcoin valuation declines, despite strong operational growth and increased holdings of 40,177 BTC.Summary
Metaplanet recorded a ¥114.5 billion ($725 million) net loss for the first quarter of fiscal 2026, primarily driven by accounting valuation losses from Bitcoin's 22% price drop. Despite the financial loss, the company increased its Bitcoin holdings to 40,177 BTC and reported a 251% year-over-year increase in net sales alongside an operating profit of ¥2.27 billion. CEO Simon Gerovich also addressed delays in the firm's perpetual preferred share listing, citing the need to prove sustainable cash flows and the complexities of implementing monthly dividend payments.
(Source：BeInCrypto)