Metaplanet posts 95 billion yen net loss on bitcoin valuation slide

The Tokyo-based Bitcoin treasury company Metaplanet (TSE: 3350) reported a net loss of 95 billion yen worth an estimated $625 million for fiscal year 2025 on Monday, driven by significant valuation losses on its bitcoin holdings. The deficit contrasts with a profit of 4.4 billion yen in the prior year as mark-to-market adjustments weighed on the bottom line. The Tokyo-based firm booked 102.2 billion yen in valuation losses as non-operating expenses. These accounting adjustments reflect the decline in bit ...