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<ul class="news-points"> 
 <li>Metaplanet adopts Bitcoin as its main treasury asset in response to Japan’s economic challenges.</li> 
 <li>The company boasts a Bitcoin portfolio of 117.7 BTC worth $32.71 million.</li> 
 <li>Bitcoin value reclaimed $63K amid Metaplanet’s new BTC-only reserver policy.</li> 
</ul> 
Metaplanet, a Japanese public company listed on the Tokyo Stock Exchange, has <a href="https://contents.xj-storage.jp/xcontents/33500/78d457c2/7534/4ed6/abe3/90f046c452cf/140120240510590390.pdf" target="_blank" rel="nofollow">unveiled</a> a white paper detailing its decision to adopt Bitcoin as its primary treasury reserve asset. This strategic pivot comes as a response to Japan’s persistent economic challenges, which include high levels of government debt, enduring negative real interest rates, and a weakening yen. 
Metaplanet’s white paper outlines a “Bitcoin-first, Bitcoin-only” approach, departing from traditional treasury management strategies. The company strongly believes in Bitcoin’s fundamental advantages over traditional currencies, other stores of value, and different crypto-assets.&nbsp; 
Furthermore, Metaplanet hails Bitcoin as an “absolutely scarce digital synthetic monetary commodity” with a fixed supply cap of 21 million coins. According to the paper, this feature sets Bitcoin apart from other monetary systems and commodities. 
Contrary to wides…
The post <a href="https://coinedition.com/bitcoin-regains-63k-as-japan-public-firm-migrates-to-btc-only-reserve/">Bitcoin Regains $63K as Japan Public Firm Migrates to BTC-only Reserve</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Regains $63K as Japan Public Firm Migrates to BTC-only Reserve

Coin Edition

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