🇯🇵 Metaplanet Reported a $664M Unrealized Loss on Bitcoin for FY2025.


But Look Closer:
$BTC holdings jumped from 1,762 → 35,102 BTC (now 4th largest public holder)
➤ Revenue up 738% YoY
➤ Profit up 1,694% YoY
The Growth Engine? Bitcoin Options Trading, not price gains.
They're Evolving from a #Bitcoin Treasury into a Bitcoin + Derivatives Company.
BTC-0,5%
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