2026-01-05 03:25:41

An interesting phenomenon has been uncovered by market analysts: Japan's Bitcoin treasury companies are actually more competitive than their American counterparts.

Where is the problem? Japan's debt scale is terrifying — it accounts for about 250% of GDP. What does this mean? It means that under long-term deficit financing pressure, the yen continues to depreciate. And Metaplanet is smart because of this — it borrows money using the depreciating yen, and the 4.9% coupon debt actually becomes cheaper when valued in Bitcoin.

Data speaks the loudest. From 2020 to now, Bitcoin has increased by approximately 1,159% against the US dollar. But against the Japanese yen? It has risen by about 1,704%. This comparison alone reveals the clue.

Regarding Metaplanet's current situation, the company currently holds about 35,102 Bitcoins, ranking fourth globally. Recently, they increased their holdings by 4,279 Bitcoins, worth approximately $451 million. In the global Bitcoin reserve race, this Japanese company employs a unique macro arbitrage logic.

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ser_ngmi

· 01-07 20:52

The depreciation of the yen has instead become a gold mine for arbitrage, this logic is brilliant. Metaplanet's move this time is indeed fierce.

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TokenToaster

· 01-06 00:55

Is the depreciation of the yen actually an advantage? This trick is pretty clever, like turning a bad hand into a winning hand.

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FarmToRiches

· 01-05 03:55

Yen depreciation has become an advantage? This move is brilliant, like turning a bad hand into a royal flush.

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MEVSandwichVictim

· 01-05 03:50

The more the yen depreciates, the better it gets. Metaplanet's approach is brilliant—using other countries' decline to pave the way for itself. This is the true essence of macro arbitrage.

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PancakeFlippa

· 01-05 03:40

The depreciation of the yen has actually become an arbitrage cheat code? Metaplanet's move is indeed brilliant.

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NeonCollector

· 01-05 03:40

Wow, Metaplanet's arbitrage method is really amazing. Using devalued currency as leverage turned out to be a huge profit.

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SchrödingersNode

· 01-05 03:37

The Japanese are really clever with this arbitrage play, using the devalued yen to buy Bitcoin as it appreciates... I have to admit, I’m impressed by this logic.

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