ChainCatcher reported, citing BBX data, that Japan’s rate hike and the Federal Reserve decision window occurred at the same time yesterday, forming one of the most concentrated macro shock points of the week. On the same day, the latest results from institutional stablecoin research were also released, placing monetary policy, corporate Bitcoin reserves and stablecoin research developments within the same news cycle.
Metaplanet Faces a Currency-Driven BTC Accounting Shift
Metaplanet Inc. (TSE: 3350) is described in the report as the largest corporate BTC reserve holder in Asia and the third-largest Bitcoin holder among publicly listed companies worldwide. The company holds 40,177 BTC at an average price of about $104,000, with a stated target of reaching 100,000 BTC by the end of 2026.
After the Bank of Japan announced a 25-basis-point increase in its policy rate to 1.0%, the stronger yen created a two-sided currency pressure for Metaplanet. In yen-denominated terms, the accounting value of its BTC holdings came under downward pressure. At the same time, Bitcoin then rose against the move, leaving the company exposed to both the impact of yen appreciation and the change in the dollar-denominated value of its Bitcoin reserve.