Metaplanet, a company heavily invested in Bitcoin, reported a basic loss of approximately $0.63 per share for the first quarter of 2026, a significant increase from a loss of $0.078 during the same period last year. Despite the challenges posed by a 24% decline in Bitcoin prices, the company has kept its full-year revenue outlook unchanged, projecting net sales of around $101 million. Metaplanet's Bitcoin holdings rose to 40,177 BTC, making it the third-largest publicly listed Bitcoin treasury, after acquiring 5,075 BTC in Q1 through new equity and Bitcoin-backed borrowing. However, the company's total net assets decreased from $2.96 billion at the end of December 2025 to approximately $2.60 billion, primarily due to valuation losses related to Bitcoin. As of May 13, 2026, Metaplanet had $302 million outstanding on its $500 million Bitcoin-collateralized credit facility. Shares traded lower in Tokyo, reaching around 327 Japanese yen (roughly $2.07), reflecting a 3.82% drop from the previous day's close.