Analysts: The depreciation of the yen gives Metaplanet a greater financial advantage compared to its US counterparts.

Japan's high debt-to-GDP ratio of 250% has led to a continuous depreciation of the yen, allowing Metaplanet to obtain financing at a lower cost. Its 4.9% bond interest payments are denominated in the depreciating yen, resulting in a continuously decreasing effective cost of BTC.