Exchanges· ★★· bearish·

Japan's ANAP books $29M bitcoin impairment loss, shares drop 11%

  • —Bitcoin impairment loss reached roughly 4.37 billion yen for the fiscal year
  • —Net loss widened to 7.3 billion yen from 2.7 billion a year earlier
  • —Crypto holdings of about 18 billion yen account for 93% of total assets
  • —ANAP shares fell 11.11% to 72 yen
Why it matters: A case study in how a public company's bitcoin treasury strategy hits earnings and share price when the market falls.
#BTC
Source: CoinDesk Japan
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