Metaplanet swings to $170 million nine-month loss after Bitcoin sale and valuation hits
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Metaplanet, Japan’s second-largest listed corporate Bitcoin holder, posted a 27.16 billion yen (about $170 million) net loss in the first nine months of 2026, against a 13.53 billion yen ($84.6 million) profit a year earlier. It sold 10,000 BTC for 124.7 billion yen, taking a 19.17 billion yen ($119.8 million) loss on the sale plus an 8.04 billion yen ($50.3 million) hit from falling Bitcoin values, though revenue and operating profit rose. It then bought 11,000 BTC for 149.9 billion yen, paying 9.3% more per coin on average, to show rating agencies and bond investors it can raise cash; holdings reached 44,000 BTC at end-September and credit-line debt stood at $649.5 million.
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