Bitcoin sales, valuation losses and rising borrowing costs weighed on the Japanese company’s earnings despite higher revenue and operating profit.
Metaplanet swings to $170M loss as Bitcoin sale hits earnings
CO
CointelegraphBy Cointelegraph by Nate Kostar
EXECUTIVE SUMMARY
Bitcoin sales, valuation losses and rising borrowing costs weighed on the Japanese company’s earnings despite higher revenue and operating profit.
Key Takeaways
- Metaplanet swings to $170M loss as Bitcoin sale hits earnings.
- Bitcoin sales, valuation losses and rising borrowing costs weighed on the Japanese company’s earnings despite higher revenue and operating profit.
- Bitcoin sales, valuation losses and rising borrowing costs weighed on the Japanese company’s earnings despite higher revenue and operating profit.
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Published originally on Cointelegraph
