Bitcoin
Metaplanet's Bitcoin (BTC) Treasury Is $1B Underwater on a $102,502 Average Cost Basis
COINOTAG·September 1, 2026·1 min read
Metaplanet's 43,000 BTC treasury, built at a $102,502 average cost, sits over $1B underwater after $45M in operating costs. Bitcoin holds near $78K, leaving the company with significant unrealized losses. The firm's aggressive accumulation strategy has not paid off yet.
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