Metaplanet, a Tokyo-listed investment firm, is shifting its treasury management to focus on a Bitcoin-first strategy.

The firm plans to convert yen liabilities and future share issuances into Bitcoin, mirroring US-based MicroStrategy's approach.

This move signals increasing trust in Bitcoin as a store of value and a hedge against economic instability in Japan.

Metaplanet's strategy change, announced in early April, led to a significant rise in its share price on the Tokyo Stock Exchange.

The decision is in response to Japan's fiscal challenges, such as high government debt, negative interest rates, and a depreciating yen.

The company intends to keep accumulating Bitcoin in lieu of holding the devaluing yen, suggesting a long-term commitment to cryptocurrency assets.

Despite Metaplanet's bold strategy, the author advises readers to conduct their own research before making any investment decisions.