Adam Livingston: Japanese Bitcoin Treasury companies have a competitive advantage over their American counterparts.

Crypto analyst Adam Livingston stated that Metaplanet, a Japanese Bitcoin reserve company, has a competitive advantage over its US counterparts. Due to Japan's debt-to-GDP ratio of approximately 250%, and the yen's long-term depreciation through deficit financing, Metaplanet's real cost of yen-denominated debt has been steadily decreasing, with its 4.9% coupon debt showing a decreasing trend when denominated in Bitcoin. Data shows that since 2020, Bitcoin has appreciated by approximately 1,159% against the US dollar and approximately 1,704% against the Japanese yen. Currently, Metaplanet holds approximately 35,102 BTC, making it the world's fourth-largest Bitcoin reserve company, with a recent addition of 4,279 BTC, worth approximately $451 million. (Cointelegraph)