Japan’s Biggest Corporate Bitcoin Holder Reports $736 Million Valuation Loss

Metaplanet reported a ¥114.5 billion (around $725.6 million) net loss in the first quarter of fiscal year 2026, as declining Bitcoin prices led to massive accounting valuation losses on its holdings. The company reported an ordinary loss of ¥114.9 billion ($728 million), largely driven by ¥116.3 billion ($736 million) in Bitcoin valuation losses recorded during the quarter. Metaplanet Quarterly Loss Despite the losse…