Metaplanet swings to $170M loss as Bitcoin sale hits earnings

GreyOak summary

Japanese firm Metaplanet reported a $170 million net loss for the first nine months of 2026, driven by a $119.8 million loss on Bitcoin sales and valuation declines. Despite a 30.5% revenue rise, the company cut its full-year forecast and faces potential index removals. Bitcoin prices fell 9% to $68,600 during the period.