Insight: Metaplanet benefits from Yen's structural weakness, giving it an edge over US Crypto Treasury companies

BlockBeats News, January 5th, Cryptocurrency analyst Adam Livingston stated that the Japanese Bitcoin Treasury (DAT) company Metaplanet has a greater advantage compared to the US Bitcoin Treasury company. Japan's debt/GDP ratio is around 250%, leading to the devaluation of the yen through annual deficit financing, resulting in structural weakness of the yen. This causes Metaplanet's yen-denominated debt to devalue, with lower financing costs, and its 4.9% coupon's effective cost continuously shrinking in Bitcoin terms. Since 2020, Bitcoin has risen by 1,159% against the US dollar, but by 1,704% against the yen.

Currently, Metaplanet still holds 35,102 BTC, making it the fourth-largest BTC reserve company, having recently acquired an additional 4,279 BTC worth $451 million.