Metaplanet Reports $725M Q1 Loss as Bitcoin Price Drop Impacts Holdings

Japanese investment firm Metaplanet posted a net loss of 114.5 billion ($725 million) for the first quarter of fiscal 2026 after a sharp decline in Bitcoin prices triggered major accounting valuation losses. The company said the losses were largely tied to mark-to-market adjustments on its growing Bitcoin treasury holdings during one of the cryptocurrencys weakest quarterly performances in recent years.