Metaplanet swings to $170M loss as Bitcoin sale hits earnings
By Cointelegraph by Nate Kostar
Bitcoin sales, valuation losses and rising borrowing costs weighed on the Japanese company’s earnings despite higher revenue and operating profit.
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
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Revenue growth shows demand for a company's products; profit shows whether it earns money from them.
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