Metaplanet KK (JP:3350) has released an update.
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Metaplanet Inc. has reported a significant non-operating expense due to a Bitcoin valuation loss of 124.402 million yen for the third quarter of the fiscal year ending December 2024. This loss stems from the re-evaluation of Bitcoin holdings as market prices fluctuated. Despite this, the company’s Bitcoin holdings have increased significantly, indicating a strategic investment approach.
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