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Japanese listed company Metaplanet announced that it will use Bitcoin as its strategic reserve asset

2024-05-13 02:02
Odaily News Metaplanet, a Japanese listed company, issued an announcement announcing its strategic transformation of financial management. Metaplanet has adopted Bitcoin as its strategic reserve asset to cope with Japan's continued economic pressures, especially high government debt levels, long-term negative real interest rates, and the resulting weakness of the yen. Metaplanet's strategy explicitly prioritizes a Bitcoin-first, Bitcoin-only approach, and may use long-term yen liabilities and regular stock issuance as strategic financial options to continuously accumulate more Bitcoin rather than retain an increasingly weak yen. This approach aims to increase the value of each Bitcoin and consolidate shareholder value in the long run. Earlier in April, according to Bitcoin Magazine, Metaplanet, a Japanese listed company, purchased approximately $6.25 million worth of Bitcoin.