Japanese listed company Metaplanet announces Bitcoin as its strategic reserve asset

Japanese listed company Metaplanet announced that it has declared its financial management strategy transformation. Metaplanet has adopted Bitcoin as its strategic reserve asset to cope with the ongoing economic pressure in Japan, especially the high level of government debt, long-term negative real interest rates and the ensuing weak yen. Metaplanet's strategy clearly prioritizes Bitcoin first and only uses Bitcoin methods, and may use long-term yen liabilities and regular stock issuance as strategic financial choices to continuously accumulate more Bitcoins instead of retaining an increasingly weak yen. This method aims to increase the value per share of Bitcoin and consolidate shareholder value from a long-term perspective. As previously reported by Golden Finance, Japanese listed company Metaplanet once again purchased 19.87 BTCs, currently holding over 117.7 BTCs worth $7,396,560.