TechFlow news, on January 5th, according to Cointelegraph, Bitcoin analyst Adam Livingston pointed out that Bitcoin treasury company Metaplanet may gain a financial advantage due to the structural weakness of the Japanese yen. Japan's debt-to-GDP ratio is approximately 250%, leading to a continuous weakening of the yen. Since 2020, Bitcoin has appreciated by about 1,159% against the US dollar, but by as much as 1,704% against the yen.
Livingston stated that because Metaplanet's liabilities are denominated in the weaker yen, it obtains lower-cost financing. "Every coupon payment made by Metaplanet is in a currency that depreciates relative to Bitcoin and the US dollar, so the real cost of the 4.9% coupon is continuously shrinking."
Currently, Metaplanet holds 35,102 Bitcoins, making it the fourth-largest Bitcoin treasury company. Despite accumulating a significant amount of Bitcoin, the company's stock price has still declined alongside other crypto treasury companies.
