Analysts say Metaplanet has lower financing costs due to the weak yen

On January 5, crypto analyst Adam Livingston stated that Japanese Bitcoin treasury company Metaplanet benefits from structurally lower financing costs due to the weakness of the yen, with its 4.9% coupon rate's actual cost continuously shrinking when denominated in Bitcoin. Since 2020, Bitcoin has risen 1,159% against the US dollar and 1,704% against the yen. Currently, Metaplanet holds 35,102 BTC, making it the fourth largest BTC reserve company. Recently, it increased its holdings by 4,279 BTC, valued at $451 million.