Metaplanet Q1 Operating Profit Rises as Bitcoin Loss Widens
The post Metaplanet Q1 Operating Profit Rises as Bitcoin Loss Widens appeared on BitcoinEthereumNews.com. Tokyo-listed Metaplanet reported first-quarter operating income Wednesday of 2.27 billion Japanese yen (roughly $14.38 million) on net sales of about $19.5 million, implying an operating margin of 73.6% as surging Bitcoin option income more than tripled revenue from a year earlier, according to the company’s Q1 fiscal year 2026 earnings release. The strong operating performance contrasted with an ordinary loss of around $728 million, driven mainly by non-cash valuation losses as Bitcoin’s price declined during the period, and the company marked its expanding Bitcoin (BTC) holdings lower. The price of Bitcoin fell around 24% during the quarter, from around $87,000 on Jan. 1 to roughly $66,000 on March 31, according to data from Coingecko. Revenue for the quarter ending March 31 rose from about $5.5 million a year earlier to about $19.5 million, the filing shows, with the Bitcoin Inc