Crypto analyst Adam Livingston stated that Japan’s Bitcoin treasury company Metaplanet has a competitive advantage over similar institutions in the United States. Due to Japan’s debt-to-GDP ratio reaching approximately 250%, the long-term depreciation of the yen through deficit financing has continuously lowered the actual cost of Metaplanet’s yen-denominated liabilities. Its 4.9% coupon debt shows a decreasing trend when valued in Bitcoin. Data indicates that since 2020, Bitcoin has increased by about 1,159% against the US dollar and approximately 1,704% against the Japanese yen. Currently, Metaplanet holds about 35,102 BTC, making it the fourth-largest Bitcoin reserve company globally. Recently, it added 4,279 BTC, worth approximately $451 million. (Cointelegraph)
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Adam Livingston: Japan's Bitcoin Treasury Company has a greater competitive advantage compared to similar institutions in the United States
Crypto analyst Adam Livingston stated that Japan’s Bitcoin treasury company Metaplanet has a competitive advantage over similar institutions in the United States. Due to Japan’s debt-to-GDP ratio reaching approximately 250%, the long-term depreciation of the yen through deficit financing has continuously lowered the actual cost of Metaplanet’s yen-denominated liabilities. Its 4.9% coupon debt shows a decreasing trend when valued in Bitcoin. Data indicates that since 2020, Bitcoin has increased by about 1,159% against the US dollar and approximately 1,704% against the Japanese yen. Currently, Metaplanet holds about 35,102 BTC, making it the fourth-largest Bitcoin reserve company globally. Recently, it added 4,279 BTC, worth approximately $451 million. (Cointelegraph)