Metaplanet Adopts Bitcoin as Reserve Asset to Hedge Against Japan's Debt Burden and Yen Volatility

Metaplanet, a Web3 infrastructure provider listed in Tokyo, has adopted bitcoin as a strategic reserve asset to hedge against Japan's debt burden and the resulting volatility in the yen. Japan's debt-to-GDP ratio is the highest among advanced countries, currently exceeding 254%, according to the IMF. Metaplanet has acquired 117.7 BTC ($7.19 million) since April, following the strategy pursued by US-listed MicroStrategy, which has acquired several billion dollars worth of bitcoin. The company plans to hold bitcoin for the long term and acquire more by issuing long-dated yen liabilities when the opportunity arises.