Metaplanet swings to $170M loss as Bitcoin sale hits earnings

What happened: Metaplanet reported a $170 million net loss for the first nine months of 2026, driven by a loss on the sale of 10,000 BTC and a decline in the value of its Bitcoin holdings. Key numbers: Net loss 27.16 billion yen ($170 million) versus a 13.53 billion yen ($84.6 million) profit a year earlier. Why it matters: The company said the sale was meant to show rating agencies and bond investors it could convert Bitcoin into cash to meet financing obligations. MSCI confirmed Metaplanet, Strategy and Upexi will be removed from its equity indexes at the Nov. 30 market

Metaplanet reported a $170 million net loss for the first nine months of 2026, driven by a loss on the sale of 10,000 BTC and a decline in the value of its Bitcoin holdings.

The company said the sale was meant to show rating agencies and bond investors it could convert Bitcoin into cash to meet financing obligations. MSCI confirmed Metaplanet, Strategy and Upexi will be removed from its equity indexes at the Nov. 30 market