ChainCatcher reports that, according to Cointelegraph, Bitcoin analyst Adam Livingston pointed out that Bitcoin treasury company Metaplanet may gain a financial advantage due to structural weakness in the Japanese yen. Japan’s debt-to-GDP ratio is approximately 250%, leading to a persistent weakening of the yen. Since 2020, Bitcoin has appreciated about 1,159% against the US dollar, but appreciated 1,704% against the yen.
Livingston stated that because Metaplanet’s liabilities are denominated in the weaker yen, it benefits from lower-cost financing. Each coupon payment made by Metaplanet is denominated in currencies that are relatively depreciating against Bitcoin and the US dollar, so the effective cost of the 4.9% coupon continues to decrease.
Currently, Metaplanet holds 35,102 Bitcoins, making it the fourth-largest Bitcoin treasury company. Despite accumulating a large amount of Bitcoin, the company’s stock price has still declined along with other crypto treasury companies.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Elon Musk Posts Bitcoin Anime Girl, BTC Price Remains in Green - U.Today
Elon Musk revived a Bitcoin-themed anime character with an animated video after being challenged by a user on X. This coincides with a positive trend in Bitcoin's price, recalling Musk's earlier interactions with crypto culture.
UToday3m ago
BNP Paribas Set to Debut Bitcoin, Ethereum ETNs in France Today
BNP Paribas will launch six crypto ETNs for Bitcoin and Ethereum in France, targeting retail and private clients. The products provide indirect exposure under MiFID II regulations, reflecting the bank's blockchain strategy and rising retail interest in crypto investments.
CryptoFrontNews13m ago
Bitcoin Faces Extended Weakness Below Key Cost Basis
Bitcoin struggles below the $72.5K realized price, indicating resistance and prolonged bearish sentiment. Repeated rejections at $71K and a drop to $66K demonstrate strong selling pressure. Indicators suggest fragile recovery, with risks of further declines if support fails.
CryptoFrontNews16m ago
