# Loss Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Loss", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Metaplanet CEO Denies Selling Bitcoin: $320 Million Transfer Was a False Alarm, the Company's Trust Can't Afford an Ordinary Transaction

A recent large transfer of 3.22 billion USD worth of Bitcoin (5,014 BTC) from Metaplanet's wallet sparked fears of a major sell-off. However, CEO Simon Gerovich clarified it was merely an internal transfer between the company's own custody addresses, with no actual Bitcoin sold. The market's immediate panic reflects a broader loss of trust in the "Bitcoin treasury" model, as other major holders like Strategy and MARA have reversed their "never sell" policies this year to liquidate holdings. Despite quelling sell-off rumors, Metaplanet faces significant challenges: its 43,000 BTC holdings are at an average cost of $96,000, resulting in a paper loss of roughly $1.4 billion at current prices (~$64,000). With its stock down over 43% year-to-date and limited new funding, its goal of holding 100,000 BTC by year-end appears unattainable. The incident serves as a case study for investors: scrutinize transfer destinations (exchange vs. internal wallets), check for transparent disclosures, and monitor subsequent holdings to distinguish routine operations from potential sell-offs.

marsbit08/13 07:21

Metaplanet CEO Denies Selling Bitcoin: $320 Million Transfer Was a False Alarm, the Company's Trust Can't Afford an Ordinary Transaction

marsbit08/13 07:21

Hawaii's Cryptocurrency ATM Ban to Take Effect October 1

Hawaii is set to become the fourth U.S. state to completely ban cryptocurrency kiosks and ATMs, with the prohibition taking effect on October 1. Governor Josh Green signed the bill into law in July after it passed the state House in May. The law prohibits the possession, operation, or control of any digital financial asset transaction kiosk that exchanges U.S. currency for digital assets. The legislation cites FBI data reporting over $11 billion lost by Americans to digital asset fraud in 2025, with 826 complaints from Hawaii residents resulting in approximately $80 million in losses linked to such transactions, including through ATMs and kiosks. Hawaii follows Minnesota, Tennessee, and Indiana, which enacted similar bans earlier in 2025. Other states like Delaware and New Jersey have proposed bans, while South Dakota and Wyoming have passed laws imposing strict restrictions. According to CoinATMRadar, four major Hawaiian islands hosted 57 crypto ATMs and kiosks as of mid-week. Operators must cease operations by October 1 to avoid potential fines and other penalties.

cryptonews.ru08/12 21:57

Hawaii's Cryptocurrency ATM Ban to Take Effect October 1

cryptonews.ru08/12 21:57

Desire to Earn on Cryptocurrency Cost Russian Citizen 4 Million Rubles

A 22-year-old Russian man lost 4 million rubles in a cryptocurrency investment scam. He met a person on social media who promised profitable cryptocurrency trading opportunities. Following the scammer's instructions, he installed specific trading apps and began transferring money to provided accounts. When he attempted to withdraw his funds, the criminals demanded additional payments under various pretexts, such as fees, closing trades, and commissions. The victim lost not only his own savings but also money borrowed from relatives. Police have opened a fraud investigation to identify the perpetrators. The report notes a similar case where a resident of Buy, Kostroma Region, lost over 2.8 million rubles after being persuaded over several months to invest in cryptocurrency.

cryptonews.ru08/12 11:46

Desire to Earn on Cryptocurrency Cost Russian Citizen 4 Million Rubles

cryptonews.ru08/12 11:46

Sharplink Earned $11 Million on Ethereum Staking Despite $394 Million Loss in Second Quarter

Sharplink reported strong growth in its staking revenue during Q2, earning $11.2 million from its Ethereum holdings. Total revenue reached $11.5 million, a significant increase from $697,000 a year earlier. However, the company posted a substantial net loss of $394.3 million, largely due to non-cash accounting charges. A $321 million unrealized loss was recorded on its crypto assets due to ETH's price decline, alongside a $76.1 million impairment charge on its liquid staking positions (LsETH and weETH). Despite the paper losses, Sharplink's ETH holdings grew to approximately 888,938 ETH by early August, cementing its position as the second-largest publicly traded ETH treasury manager. The company also raised $75 million in equity, used part to acquire more ETH, and announced a new $100 million on-chain yield fund with Galaxy. The results highlight the trade-off for corporate crypto treasuries: generating steady staking income while remaining highly exposed to underlying token volatility.

cryptonews.ru08/12 11:42

Sharplink Earned $11 Million on Ethereum Staking Despite $394 Million Loss in Second Quarter

cryptonews.ru08/12 11:42

Japanese Bitcoin Management Company Metaplanet Transfers Hundreds of Bitcoin to Cold Wallet!

Japanese company Metaplanet, a major institutional investor with Bitcoin as a core strategy, has transferred a substantial amount of BTC to external wallets. Blockchain data from Lookonchain shows the company moved 3,881 Bitcoin, worth approximately $247.3 million, over a three-hour period. The purpose of this transfer remains officially unexplained, leaving it unclear if it relates to a sale, custody arrangement, or another institutional operation. Metaplanet has recently accelerated its Bitcoin purchases, amassing a total of 43,000 BTC at an average acquisition price of about $96,191 per coin. The recent decline in Bitcoin's price has resulted in significant unrealized losses for Metaplanet's portfolio, estimated at roughly $1.4 billion—a 34% loss relative to the company's total Bitcoin cost basis. This large-scale transfer is being closely watched by the market for insights into institutional investor strategies, particularly during weak market conditions. However, a transfer to external wallets does not automatically signify an immediate sale. Market impact assessments will depend heavily on Metaplanet's future clarification regarding the transaction's intent.

cryptonews.ru08/12 07:56

Japanese Bitcoin Management Company Metaplanet Transfers Hundreds of Bitcoin to Cold Wallet!

cryptonews.ru08/12 07:56

Lumentum Revenue Crosses $1 Billion, Where Does the $7.1 Billion Loss Come From?

Lumentum's Q4 FY26 revenue surpassed $1 billion for the first time, marking the eighth consecutive quarter of growth, driven primarily by demand from AI data centers for higher-speed optical interconnects. Revenue grew 109.3% year-over-year, with a strong outlook for the next quarter. The growth is broad-based. The Systems segment (including cloud transceiver modules and optical circuit switches) grew 122.6%, while the Components segment (laser chips, sub-assemblies) grew 102.7%. Non-GAAP gross and operating margins expanded significantly to 50.4% and 36.6%, respectively, indicating improving operational efficiency and product mix. However, the company reported a massive GAAP net loss of $7.162 billion. This was primarily due to a one-time, non-cash $7.757 billion debt extinguishment loss related to the settlement of convertible notes with common stock. Excluding this and other non-cash items, non-GAAP net income was $326 million. The report thus presents two narratives: strong operational growth fueled by AI infrastructure demand, and a significant accounting loss from financial restructuring unrelated to core business performance.

marsbit08/12 03:58

Lumentum Revenue Crosses $1 Billion, Where Does the $7.1 Billion Loss Come From?

marsbit08/12 03:58

SharpLink reports $394M in Q2 net loss fueled by ETH decline

SharpLink, the second-largest corporate Ether treasury, reported a $394 million net loss for Q2 2026, a significant increase from a $103 million loss in the same period last year. The loss was primarily driven by $321 million in unrealized crypto losses and $76 million in impairments on staked ETH tokens. Despite the loss, the company generated $11.5 million in revenue, mostly from ETH staking, and increased its cash reserves to $56 million. SharpLink holds a total of 863,000 ETH, valued at approximately $1.46 billion, making its performance highly sensitive to Ether's price, which fell about 23% in the quarter. The company recently resumed ETH purchases after an eight-month pause. SharpLink's stock price declined 3.9% on the announcement, contributing to a 30% year-to-date drop. Bitmine remains the largest corporate ETH holder with 5.54 million ETH.

cointelegraph08/11 13:56

SharpLink reports $394M in Q2 net loss fueled by ETH decline

cointelegraph08/11 13:56

Behind a 26-Year-Old Hong Kong Trader's $150 Million Loss: A South Korean Stock Market 'Great Escape'

In 2026, the South Korean stock market, propelled by the AI boom's demand for high-performance memory chips, witnessed a dramatic rally and subsequent crash, illustrating the perils of excessive leverage, structural market flaws, and retail investor frenzy. The initial surge was driven by soaring share prices of memory giants Samsung Electronics and SK Hynix. This "once-in-a-lifetime" wealth creation story captivated local Korean retail investors, many of whom invested heavily using leverage, and attracted global capital through products like Hong Kong-listed leveraged ETFs. However, the market's heavy reliance on these two stocks and widespread leverage created systemic fragility. The turning point came in June 2026. A series of circuit-breaker halts triggered a vicious cycle of forced liquidations, leading to a steep market plunge. The collapse erased fortunes, leaving many leveraged retail investors in debt. It also exposed a high-profile case in Hong Kong where a 26-year-old trader, using unauthorized company funds and double leverage on a SK Hynix ETF, incurred massive losses of HKD 150 million. Analysis points to key factors behind the extreme volatility: the overwhelming dominance of two stocks in the KOSPI index, a culture of rampant retail leverage, and a fundamental mispricing where investors treated cyclical semiconductor stocks as perpetual growth stories. As the market entered a volatile consolidation phase, seasoned investors emphasized core risk management principles: avoiding leverage, understanding industry cycles, maintaining a margin of safety, and being wary of extreme market consensus. The episode serves as a stark reminder that high returns are inextricably linked to high risk, especially when amplified by leverage.

marsbit08/11 12:21

Behind a 26-Year-Old Hong Kong Trader's $150 Million Loss: A South Korean Stock Market 'Great Escape'

marsbit08/11 12:21

Bitdeer Reduced Gross Loss to $8.5 Million, Q2 Revenue Exceeded $228.8 Million

Bitdeer significantly narrowed its gross loss in Q2 2026 to $8.5 million, even as its revenue surged to $228.8 million, a 21.1% increase from the previous quarter and a 47% year-over-year rise. The strong revenue growth was primarily driven by the company's proprietary mining business, which generated $168.4 million, and its AI cloud services, which grew to $14 million. However, the cost of revenue grew faster than revenue on an annual basis, reaching $237.3 million, leading to a gross loss. This cost increase was largely due to higher electricity expenses for mining and increased depreciation from deploying new equipment. Notably, the pace of cost growth slowed significantly compared to Q1, helping to reduce the quarterly gross loss from $39 million to $8.5 million. The net loss also improved, narrowing to $92.3 million. Bitdeer highlighted major expansion steps, including a $4.7 billion, 16-year AI data center lease in Norway and a $36 million U.S. facility for building its SEALMINER machines, positioning itself for future growth.

cryptonews.ru08/11 11:28

Bitdeer Reduced Gross Loss to $8.5 Million, Q2 Revenue Exceeded $228.8 Million

cryptonews.ru08/11 11:28

Keel shuts US Bitcoin mining operations as Q2 revenue falls 50%

Keel Infrastructure has decommissioned all of its U.S. Bitcoin mining operations as it pivots to high-performance computing (HPC), according to its Q2 report. The company's revenue fell 50% year-over-year to $30 million, citing lower Bitcoin prices and the shutdown of its Moses Lake mining site. It reported an operating loss of $141 million, including significant non-cash depreciation. As part of winding down its Bitcoin holdings, Keel sold 1,085 BTC for $75 million since April, holding 1,861 BTC as of last week. The company joins others like Bit Digital and Crusoe in exiting mining for AI and HPC infrastructure. Its stock price dropped 12% on Monday.

cointelegraph08/11 09:30

Keel shuts US Bitcoin mining operations as Q2 revenue falls 50%