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

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

CointimeCointime2024/05/13 02:13
By:Cointime

The Japanese listed company Metaplanet announced that it has declared a financial management strategic transformation. Metaplanet has designated Bitcoin as its strategic reserve asset to deal with Japan's ongoing economic pressures, especially high government debt levels, long-term negative real interest rates, and the resulting weakness of the yen. Metaplanet's strategy clearly prioritizes Bitcoin and uses only Bitcoin, and may use long-term yen debt and periodic stock issuance as strategic financial choices to continuously accumulate more Bitcoin rather than holding onto the increasingly weak yen. This approach aims to increase the value of each Bitcoin share and consolidate shareholder value from a long-term perspective.

Previously, Jinse Finance reported that the Japanese listed company Metaplanet purchased 19.87 BTC again, and the company currently holds more than 117.7 BTC, worth $7,396,560.

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