Metaplanet, a Bitcoin treasury company, benefits from a weaker Japanese yen, with BTC appreciating 1,704% against JPY since 2020. This gives Metaplanet cheaper access to financing compared to companies paying coupons in stronger currencies like the US dollar. Despite a downturn in crypto treasury companies, Metaplanet holds 35,102 BTC, making it the 4th largest BTC treasury company.

Metaplanet recently purchased 4,279 BTC for $451 million, bringing its total BTC holdings to 35,102. Despite its significant BTC reserves, the company’s stock price has fallen along with other crypto treasury companies like Strategy and BitMine. This trend comes amidst a broader downturn in the crypto treasury sector following a historic crash in October.

Read more at Cointelegraph: Metaplanet Has an Edge Over US-Based DATs Due to JPY Weakness: Analyst