Metaplanet's Revenue Soars on Bitcoin Sales, Yet Faces Net Loss Amid Price Drop
Metaplanet's Revenue Soars on Bitcoin Sales, Yet Faces Net Loss Amid Price Drop
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Japanese firm Metaplanet reported a remarkable 738% increase in revenue, with Bitcoin sales contributing to 95% of this growth. Despite strong operational profit, the company recorded a substantial $619 million net loss, primarily due to the recent decline in Bitcoin's price.