Metaplanet has reported a staggering $605 million annual loss attributed to a significant decline in Bitcoin’s value from its October peak. Having purchased its $2.4 billion Bitcoin cache at an average of $107,000 per coin, the company’s financial strategy now increasingly relies on revenue from options writing to mitigate the pressure amid ongoing market volatility. This approach aligns with a broader trend among corporations incorporating Bitcoin as a strategic asset while exploring derivatives to manage risk and enhance income.
Metaplanet reports $605M loss after Bitcoin decline
