Analyst: Metaplanet has a yen advantage over US Bitcoin Treasury companies.

[Analyst: Metaplanet Has a Yen Advantage Compared to US Bitcoin Treasury Companies] According to a report by Cointelegraph, Bitcoin analyst Adam Livingston points out that Bitcoin treasury company Metaplanet may have a financial advantage due to the structural weakness of the Japanese yen. Japan's debt-to-GDP ratio is approximately 250%, leading to a continued weakening of the yen. Since 2020, Bitcoin has appreciated by approximately 1,159% against the US dollar, but by 1,704% against the yen. Livingston states that because Metaplanet's liabilities are denominated in the weaker yen, it can obtain lower-cost financing. "Every coupon paid by Metaplanet is denominated in a currency that is depreciating relative to Bitcoin and the US dollar, thus the effective cost of the 4.9% coupon is constantly shrinking." 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 fallen along with other crypto treasury companies.