#MetaplanetBTCPurchase

Metaplanet, a Japanese company, has recently made headlines by adopting Bitcoin as a strategic reserve asset, similar to MicroStrategy's approach. Here are the key details regarding Metaplanet's Bitcoin purchases:

### **Metaplanet’s Bitcoin Purchases (As of Latest Data)**

1. **Initial Purchase (April 2024)**

- Bought **117.7 BTC** for **¥200 million** (~$1.6 million).

- Announced Bitcoin as a **core treasury asset** to hedge against Japan’s economic risks (weak yen, high debt).

2. **Additional Purchases (May-June 2024)**

- Increased holdings to **141.07 BTC** (as of June 2024).

- Funded via **¥1 billion** (~$6.3 million) bond issuance for Bitcoin acquisitions.

3. **Strategy**

- Mimics **MicroStrategy’s Bitcoin accumulation model**.

- Aims to counter Japan’s **negative real interest rates** and **currency depreciation**.

### **Why Bitcoin?**

- Japan’s **national debt exceeds 260% of GDP** (highest in the world).

- The **yen has weakened significantly** (~34% vs. USD since 2021).

- Bitcoin acts as a **non-sovereign store of value**.

### **Market Reaction**

- Metaplanet’s stock (**TYO: 3350**) surged **+200%+** after announcing Bitcoin strategy.

- Seen as a **"MicroStrategy of Japan"** play.

### **Future Plans**

- May continue buying Bitcoin using **balance sheet cash and debt**.

- Could inspire other Japanese firms to adopt similar strategies.

Would you like updates on future purchases or deeper analysis?