According to Wu, Metaplanet (TSE: 3350), a Japanese-listed Bitcoin treasury company, released its third-quarter financial report on November 13. Revenue for the first three quarters increased by 30.5% year-on-year to approximately US$36.9 million, operating profit increased by 26.5% year-on-year to approximately US$21.8 million, and net loss attributable to shareholders was approximately US$170 million. In the third quarter, the company sold 10,000 BTC to prove asset liquidity, incurring a realized loss of approximately US$120 million. Subsequently, it purchased 11,000 BTC through independent transactions, increasing its holdings to 44,000 BTC at the end of the period. The company also lowered its full-year revenue and operating profit guidance by approximately 59.4% and 73.7%, respectively, to approximately US$40.7 million and US$18.8 million. Metaplanet also plans to expand from a Bitcoin treasury to a Bitcoin financial services platform, exploring businesses in digital securities, custody, lending, payments, and net interest income. https://(wublock123.com)/news/metaplanet-q3-net-loss-170m-guides-down-yearly-revenue-profit-71921