Metaplanet reported a net loss of 27.16 billion yen (about $170 million) for the first nine months of 2026, compared with a profit of 13.53 billion yen a year earlier. A 19.17 billion yen loss on a Bitcoin sale and an 8.04 billion yen loss from a decline in the value of its holdings outweighed operating gains.
The company sold 10,000 BTC during the quarter, then bought 11,000 BTC at an average price 9.3% higher per coin. It said the sale was meant to show rating agencies and bond investors that it could turn Bitcoin into cash to meet financing obligations. Its holdings stood at 44,000 BTC at the end of September, and it cut its full-year revenue forecast to 6.5 billion yen from 16 billion yen.
