#Metaplanet增持比特币

Metaplanet takes action again to increase its Bitcoin holdings! This Tokyo-listed company has just announced the use of 1 billion yen (approximately 6.5 million USD) to purchase 97 BTC, bringing their Bitcoin reserves to 152 coins. The most extreme part is their approach to buying coins—directly using 90% of the company's cash reserves; this is no longer asset allocation, it's essentially an all-in bet. The board's rationale is very Japanese: "to hedge against the risks of uncontrollable government bond yields," after all, the Bank of Japan is still printing money like crazy, and holding cash is indeed not as good as holding Bitcoin as hard currency.

The market votes with its feet; after the announcement, the company's stock price surged 23% in a single day, setting a record for the largest increase this year. Now their market value is already 62% linked to the Bitcoin price, effectively making them the Japanese version of MicroStrategy. However, compared to their American counterparts, the Japanese operations are more aggressive—not only buying coins with full cash but also issuing zero-interest convertible bonds, clearly aiming for extreme "debt-financed coin purchases." Analysts have calculated that as long as Bitcoin stays above $65,000, they can cover their entire annual operating costs just from the appreciation of their holdings.

(Insiders reveal that Metaplanet is lobbying the Financial Services Agency of Japan to amend accounting standards, attempting to classify Bitcoin holdings as "strategic reserve assets" rather than "risky investments." If this succeeds, it could rewrite the rules for cryptocurrency allocation among publicly listed companies in East Asia...)