Metaplanet revealed that its Bitcoin holdings have yielded an estimated profit of 27.54 million US dollars
On November 13, the Japanese listed company Metaplanet released its third-quarter financial data and the fair value of its Bitcoin holdings. The valuation gain of Bitcoins currently held by Metaplanet has reached 4.27 billion yen (approximately $27.54 million), which exceeds the market value of the company at the beginning of this year. Although the value of its Bitcoin holdings has increased, Metaplanet reported a net loss for nine months ending September 30, 2024, at $2.1 million, an improvement from a loss of $2.7 million in the same period last year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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