Tokyo-listed cryptocurrency investment and consulting firm METAPLANET has announced that it will use Bitcoin as its strategic financial reserve asset to cope with Japan's ongoing economic challenges. The company stated that this move is a direct response to Japan's persistent economic pressures, especially high government debt levels, prolonged periods of negative real interest rates, and the resulting weakness of the yen. METAPLANET plans to increase its Bitcoin reserves using the "entire range of capital market tools." As of May 10, the company holds 117.7 BTC (valued at $7.2 million).

According to TheBlock, Metaplanet, a Tokyo-listed cryptocurrency investment and consulting company, announced today that it will use Bitcoin as its strategic financial reserve asset to cope with Japan's ongoing economic challenges. The company stated, "This move is a direct response to Japan's persistent economic pressures, especially high government debt levels, prolonged negative real interest rates, and the resulting weakness of the yen." Metaplanet added in the statement that it aims to increase its Bitcoin reserves using the "full range of capital market tools." As of May 10, the company holds 117.7 BTC (worth $7.2 million) according to Bitcointreasuries.net data.

METAPLANET includes Bitcoin in its strategic reserves to cope with economic downturns in Japan