PANews reported on January 5th, citing Cointelegraph, that analyst Adam Livingston pointed out that the depreciation of the yen gives Japanese Bitcoin treasury company Metaplanet a greater financial advantage compared to its US counterparts. Due to Japan's high debt-to-GDP ratio of 250%, the yen's continued depreciation allows Metaplanet to obtain financing at lower costs. Its 4.9% bond interest payments are denominated in the depreciating yen, resulting in a continuously decreasing effective cost of BTC. Currently, Metaplanet holds 35,102 BTC, making it the world's fourth-largest Bitcoin treasury company. Last week, the company disclosed that it had acquired 4,279 BTC for approximately $451 million .