Metaplanet Adopts Bitcoin as Reserve Asset to Hedge Against Japan's Debt Burden and Yen Volatility
Metaplanet, a Web3 infrastructure provider listed in Tokyo, has adopted bitcoin as a strategic reserve asset to hedge against Japan's debt burden and the resulting volatility in the yen. Japan's debt-to-GDP ratio is the highest among advanced countries, currently exceeding 254%, according to the IMF. Metaplanet has acquired 117.7 BTC ($7.19 million) since April, following the strategy pursued by US-listed MicroStrategy, which has acquired several billion dollars worth of bitcoin. The company plans to hold bitcoin for the long term and acquire more by issuing long-dated yen liabilities when the opportunity arises.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
比特币ETF看到了3.65亿美元的资金流入,而以太坊基金则下滑。
Jupiter opens community vote on fate of 215M unclaimed JUP tokens
US Puts $10 Million Bounty on Two Russian Citizens Accused of Cryptocurrency Laundering! Here Are the Details
The United States has accused two Russian citizens of operating a global money laundering and sanctions evasion network using cryptocurrencies.
JUST IN: SEC Sues Altcoin and Cryptocurrency Company – Claims It’s a Security