After the **Bank of Japan** (the central bank) imposed strict economic policies that led to the weakening of the Japanese yen, **Metaplanet** turned to Bitcoin as an alternative **store of value**, similar to **MicroStrategy's** strategy in the United States.
- This move is considered a **rebellion against traditional monetary policies** in Japan.
### **2. Purchase of 117 Bitcoins worth 6.5 million dollars (first step)**
- Metaplanet announced in **April 2024** the purchase of its first batch of Bitcoin, becoming the first listed company on the **Tokyo Stock Exchange** to allocate part of its treasury to Bitcoin.
- It then gradually increased its purchases in a move similar to **Michael Saylor's (MicroStrategy)** strategy.
### **3. Why Bitcoin and not gold or other assets?**
- **High liquidity**: It can be quickly converted to cash compared to real estate or gold.
- **Historical returns**: It has outperformed all assets in the past decade.
- **Full control**: It is not subject to central bank restrictions.
### **4. Reactions: Between supporters and critics**
✔ **Supporters**:
- They see Metaplanet as **pioneering in Japan** and may open the door for other companies.
- They praise the move as a solution to the problem of **yen devaluation**.
✖ **Critics**:
- They warn of **Bitcoin's volatility** that could affect the company's stock price.
- They question the **benefit of the move** if the price of Bitcoin sharply declines.