#MetaplanetBTCPurchase

Metaplanet Expands Its Bitcoin Holdings in Strategy to Counter Weak Yen

(Tokyo, July 10, 2024)

The Japanese investment company Metaplanet (listed on the Tokyo Stock Exchange under the symbol: 3350) announced the purchase of an additional 23.35 Bitcoin on July 10, 2024, with an investment of approximately 200 million Japanese yen (equivalent to about 1.24 million USD).

#### Key Figures:

- Total current holdings: 161.3 Bitcoin (with a market value estimated at around 10.3 million USD).

- Average purchase price: ~64,000 USD per Bitcoin.

- Financing source: Utilizing low-interest Japanese bonds (at a rate of 0.5%) to finance the purchases.

#### Strategic Context:

Metaplanet follows a similar approach to MicroStrategy, using Bitcoin as a **store of value** to protect its assets from:

1. Weak Japanese yen (which has fallen 25% against the dollar since 2022).

2. High government debt (263% of GDP).

3. Rising inflation in Japan.

#### Market Impact:

- Metaplanet's stock has risen more than 500% since its first Bitcoin purchase announcement in April 2024.

- It became the first public company in Japan to adopt Bitcoin as a primary asset in its treasury.

#### Official Statements:

> "We see Bitcoin as a long-term solution to local currency risks and expansionary monetary policies. This step is part of a fundamental shift in our financial model.