ME News reports that on May 14 (UTC+8), according to comprehensive disclosures from BBX cryptocurrency-related stock information, Metaplanet released its Q1 financial results: a net loss of $725.6 million (primarily due to non-cash impairments of BTC), with an operating profit margin as high as 73.6%; eToro’s net contribution from crypto assets in Q1 declined to $13 million, but overall net contribution rose 19% above expectations; JPMorgan Chase officially announced the launch of its second Ethereum-tokenized money market fund, JLTXX, seeded with $100 million of its own capital, specifically designed for compliant reserves by stablecoin issuers.
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- Metaplanet Inc. (TSE: 3350 / OTCQX: MTPLF) Q1 Earnings Report: Net loss of ¥114.5 billion ($725.6 million), primarily due to a non-cash fair value impairment of BTC of ¥116.4 billion (BTC price fell from $87,000 to $66,000 in Q1); revenue increased 251.1% to ¥3.08 billion ($19.5 million); operating profit rose 282.5% with an operating margin of 73.6% (primarily driven by the Bitcoin Income Generation options strategy). As of March 31, the company held 40,177 BTC (added 5,075 BTC in Q1), with a BTC yield of 2.8%, ranking third globally among public companies; $302 million drawn from a $500 million credit facility; full-year guidance of approximately $101 million in net sales and $72 million in operating profit remains unchanged; stock price declined approximately 3.82% to ¥327.
- eToro Group Ltd. (NASDAQ: ETOR) Q1 2026 Earnings Report (May 12; detailed coverage by CoinDesk on May 13): Crypto asset gross revenue of $2.15 billion (down 38% YoY from $3.5 billion in Q1 2025), crypto asset costs of $2.17 billion, resulting in a net crypto contribution of approximately $13 million (down from $17 million YoY); crypto trading volume declined 32% YoY, with average investment per trade down 22%; however, overall net contribution rose 19% to $258 million (exceeding expectations of $234.5 million), driven primarily by a fourfold year-over-year increase in commodities trading volume, which accounted for 60% of trading commissions; GAAP net profit of $82 million (+37%), adjusted EPS of $0.91 (above expectations of $0.75), adjusted EBITDA of $109 million (+35%); assets under administration (AUA) of $17 billion (+15%), 4.02 million funded accounts (+12%). The acquisition of Zengo (self-custody crypto wallet) was completed on April 30 for approximately $70 million; the company has activated its Bitcoin BitLicense and launched crypto trading in New York. CEO Yoni Assia stated that the company remains bullish on the crypto market and expects prices to rebound to historical highs.
JPMorgan Chase & Co. (NYSE: JPM) officially announced on May 13: J.P. Morgan Asset Management has formally launched its second Ethereum-based tokenized money market fund, the JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX), seeded with $100 million of proprietary capital and supported by Anchorage Digital. The fund operates on the Ethereum public blockchain and is managed through the company’s Kinexys Digital Assets platform, investing exclusively in short-term U.S. Treasury securities and overnight repurchase agreements fully collateralized by Treasuries or cash. Designed specifically to help stablecoin issuers meet reserve asset compliance requirements under the GENIUS Act, the fund charges an annual fee of 0.16% (fees capped through June 2028). The minimum investment is $1 million, accessible via the Morgan Money platform, with investors receiving tokenized balances on the Ethereum blockchain. SEC registration became effective on May 13; the exact launch date has not been disclosed. This marks JPMorgan’s second tokenized product following the MONY fund launched in December 2025. The global tokenized Treasury market currently exceeds $32 billion. (Source: BBX)
