Bitcoin Rout Pushes Metaplanet’s Unrealized Losses Past ¥200 Billion

Unrealized losses: Losses on holdings that reflect market price declines but are not realized until the assets are sold; often called paper losses.
Paper losses: A common term for unrealized losses, indicating non-cash, mark-to-market declines in value.

According to NADA NEWS, the company’s CEO called the decline a test of patience after Bitcoin’s sharp drop pushed paper losses above ¥200 billion, which are accounting losses not realized unless assets are sold.