Japanese company Metaplanet is rapidly increasing its bitcoin holdings, aiming to become Asia's largest holder by following MicroStrategy's example.
Metaplanet's BTC Acquisition Strategy
On March 18, Metaplanet added 150 BTC to its assets for 1.88 billion yen (12.6 million dollars). While this is small compared to major industry players, the company aims to reach 10,000 BTC by 2025 and 21,000 BTC by 2026.
Bitcoin on Credit: A Risky Move?
Metaplanet is leveraging historically low interest rates in Japan to buy BTC without diluting its shares. However, the company's BTC yield has dropped from 310% to 60.8% this quarter, which might concern investors.
Impact on Japan and Its Economy
Some analysts suggest Japan might follow Metaplanet's example and incorporate bitcoin into its national reserves strategy, especially amid the economic challenges facing the country.
Metaplanet's long-term bitcoin accumulation strategy raises interest and questions about Japan's future in the cryptocurrency market.
