Metaplanet CEO rejects claims it hid details of Bitcoin trades
MetaplanetâEUR(TM)s Simon Gerovich addressed critics who accused the company of hiding losses and key details of its Bitcoin bets, as investor anger over l...
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JPMorgan beat earnings expectations amid record market revenue, but a downbeat outlook for net interest income hurt the stock.
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Metaplanet reported about $40 million in operating profit but still recorded a $619 million net loss amid the Bitcoin price drop.
The company recorded a non-cash bitcoin valuation loss of 102.2 billion yen ($650 million) due to the cryptocurrencyâEUR(TM)s price drop.