#Metaplanet增持比特币 Metaplanet is once again increasing 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 treasury to 152 coins. The most aggressive part is their method of 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 reason given by the board is very Japanese: "to hedge against the risk of uncontrolled 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 voted with its feet, and after the news was released, the company's stock price surged 23% in a single day, marking the largest increase of the year. Their market value is now linked to 62% of the Bitcoin price, effectively making them the Japanese version of MicroStrategy. However, compared to their American counterparts, the Japanese are more aggressive—not only are they buying coins with full cash, but they also issued zero-interest convertible bonds, clearly aiming for an extreme operation of "debt-financed coin purchases." Analysts have calculated that as long as Bitcoin remains above $65,000, they can cover their annual operating costs just through the appreciation of their holdings.