Metaplanet swings to $170M loss as Bitcoin sale hits earnings
Summary
Metaplanet reported a 27.16 billion yen ($170 million) net loss for the first nine months of 2026, reversing a year-earlier profit. Losses from selling 10,000 BTC and marking down its holdings outweighed stronger operating results. The company repurchased 11,000 BTC, ending September with 44,000 BTC, while increasing credit-line debt to $649.5 million and recording higher interest costs. Revenue rose 30.5% and operating profit 26.5%, but Metaplanet cut its full-year revenue forecast from 16 billion yen to 6.5 billion yen. The results came amid falling Bitcoin prices and the planned removal of Metaplanet and other crypto treasury companies from MSCI equity indexes.
