Metaplanet CEO: "The Yen is Not the Answer"...Chooses 'Bitcoin' as Breakthrough

▲ Japan, Bitcoin (BTC), Yen/AI-generated image

Metaplanet, dubbed 'Japan's Strategy,' continues its aggressive accumulation of Bitcoin (BTC), designating it as a key strategic asset to counter the depreciation of the Japanese Yen.

According to crypto media outlet U.Today, Metaplanet CEO Simon Gerovich stated on May 1 (local time) via X (formerly Twitter) that he remains more optimistic about Bitcoin than ever. Gerovich emphasized that in the face of Japan's long-term currency depreciation and debt crisis, Bitcoin is the only alternative for preserving corporate value. Since adopting Bitcoin as its primary treasury asset in April, Metaplanet has consistently increased its holdings, drawing attention from investors in the Japanese stock market.

Metaplanet recently invested an additional 1 billion yen to purchase Bitcoin and is now reported to hold over 1,018.17 BTC in total. Gerovich commented, "We are confident that Bitcoin's scarcity and decentralized nature will serve as a strong shield to protect shareholder value from the depreciation of the Yen." This strategy is benchmarked against the path taken by MicroStrategy in the US and is seen as presenting a new financial model for other listed companies in Japan.

Despite the volatility of the virtual asset market, Metaplanet's buying stance remains unwavering. Gerovich argued that attention should be paid to Bitcoin's rising status in the global financial system rather than short-term price fluctuations. He highlighted that the full-scale entry of institutional investors has significantly strengthened Bitcoin's liquidity and credibility, incomparably to the past, which is a key basis for Gerovich's optimism. Metaplanet aims to continuously expand its Bitcoin holdings in the future to become Asia's largest publicly listed company holding Bitcoin.

Changes in the Japanese government's regulatory environment are also bolstering Metaplanet's actions. With recent discussions by Japanese authorities regarding tax reforms for corporate virtual asset holdings, it has become easier for companies to account for Bitcoin on their financial statements. While other major altcoins like XRP are also actively used in Japan, Metaplanet focuses on Bitcoin's unique position as a store of value. Gerovich predicted that Bitcoin adoption would be an essential choice determining a company's long-term survival and growth.

Metaplanet's Bitcoin accumulation strategy has sent a fresh shockwave through the Japanese financial market, acting as a driving force for stock price increases. Investors perceive Metaplanet as a type of exchange-traded product linked to Bitcoin's price changes, showing high interest. Gerovich reiterated that Bitcoin is the optimal asset to navigate the era of inflation and predicted that the trend of global companies adopting the Bitcoin standard would accelerate further. Metaplanet's case serves as a landmark demonstrating how a major shift in asset allocation strategy can transform corporate value.

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