Beat Holdings (TYO:9399) recorded a valuation loss of 388.7 million yen on the Bitcoin ETF it held as of Sept. 30, according to a Monday filing with the Tokyo bourse.
The Bitcoin treasury company said the market value of the 330,930 units of its iShares Bitcoin Trust as of Sept. 30 was 2.47 billion yen, lower than their purchase price of 2.85 billion yen, it said.
Shares of Beat Holdings fell nearly 8% at market close.
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