Japan’s Metaplanet Takes $680M Accounting Hit on Bitcoin Holdings
Japanese Bitcoin treasury agency Metaplanet reported a 104.6 billion yen ($680 million) impairment on its Bitcoin holdings, reflecting the influence of last year’s market downturn on the value of its digital asset portfolio. Key Takeaways: Metaplanet booked a $680 million Bitcoin impairment that may drive massive reported losses however doesn’t influence money circulate. The write-down…
