MetaPlanet, a Japanese listed company, has reported a significant loss of approximately $679 million due to volatility in Bitcoin's quarterly market capitalization. Despite this setback, the company announced an upward revision to its fiscal year 2025 earnings forecast, with revenue increasing from 6.8 billion yen to 8.905 billion yen and operating profit rising to 6.287 billion yen.
The valuation loss of 104.636 billion yen led to an expected ordinary loss of 98.558 billion yen. This financial impact highlights the challenges faced by companies exposed to cryptocurrency market fluctuations, even as they achieve growth in other areas.
MetaPlanet Reports $679 Million Loss Amid Bitcoin Volatility
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