Metaplanet, the Tokyo-listed firm frequently referred to as ‘Japan’s MicroStrategy,’ has reported a net loss of 605 million yen for the nine-month period ending September 30. This financial update comes after the company embarked on an aggressive acquisition strategy, spending billions of yen to accumulate a significant Bitcoin treasury. While the firm’s transition to a Bitcoin-standard reserve policy has boosted its stock price and global visibility, the latest filings reflect the immediate financial impact of high operating expenses and the costs associated with its strategic pivot. Despite the reported loss, Metaplanet has continued to expand its holdings, recently surpassing the 1,000 BTC milestone. The company remains committed to its long-term vision, utilizing debt and equity financing to further increase its exposure to the digital asset as a hedge against the depreciation of the Japanese yen.
Source: Metaplanet Posts $605 Million Loss After Spending Billions on Bitcoin
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