Metaplanet Q1 profit jumps, but Bitcoin losses hit bottom line

Metaplanet posted strong Q1 operating income driven by Bitcoin options revenue, but swung to a $728 million loss as BTC price declines triggered valuation markdowns.
Source: Metaplanet Q1 profit jumps, but Bitcoin losses hit bottom line (https://cointelegraph.com/news/metaplanet-reports-strong-q1-operating-income-wider-loss-on-bitcoin-revaluation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)