Japan's MicroStrategy Buys More BTC: Will They Buy 0DOG?

Metaplanet is a Japanese company that trades on the TSE (Tokyo Stock Exchange). It has copied the playbook from Saylor and MicroStrategy, earning them the nickname ‘Japan’s MicroStrategy.’ This lesser-known Bitcoin evangelizing company implemented BTC as a reserve asset to protect against the weakening Japanese Yen, and despite market volatility, they have been busy buying.

In many ways, Japan’s current fiscal policy is a look into the future of the United States and Europe. Japan has had some form of quantitative easing massaging the economy since 2001 and even turned rates negative in 2016.

Most interesting is Metaplanet’s history as a Web3 consulting firm. Now that they have adopted the Bitcoin standard and market conditions are picking up, will they branch out? The natural first pick would be Bitcoin Dogs, Bitcoin’s best meme coin and the first ICO on the Bitcoin network. Are markets about to witness the first corporate purchase of a meme coin?

Japan’s MicroStrategy Ups BTC Reserves

Metaplanet has been orange-pilled and adopted BTC as a reserve asset in May this year. Since the pivot, Metaplanet’s stock has rallied more than 500%, and Japanese investors are clearly excited to invest in a stock that hedges against the weak Japanese yen.

In August, the company secured a loan at a rate of 0.1% annually to buy another $6.8 million of BTC, bringing total holdings above 360 BTC. Metaplanet has copied the MicroStrategy script purchasing Bitcoin with cheap loans, which is a great deal. Inflation will shrink the value of the debt while the price of BTC continues to grow.

The yen has been a weak currency since the bubble in asset prices burst in 1992, which ushered in a period of stagnation for the Japanese economy. Quantitative easing and negative rates have been a double whammy, and the cheap borrowing rates have had foreign investors gouging themselves on the cheap yen seen recently with the great unwinding of the world’s largest carry trade.

First, it was MicroStrategy. Now it is Metaplanet. And soon, there will be others. However, the exciting component of this story is that Metaplanet’s history as a Web3 consulting firm could lead them to be the first corporate entity to purchase a meme coin.

Bitcoin Dogs: BTC’s Best Meme Coin

Bitcoin Dogs is BTC’s leading meme coin and has made history as the first ICO on the Bitcoin blockchain. It raised an impressive $13.4 million and has been in a listing frenzy since already live on MEXC, Gate.io, Uniswap, and UniSat exchange. It is the main character of the BTC ecosystem and is truly pushing what is possible on Bitcoin with its Ordinals NFT collection and soon-to-launch Telegram play-to-earn game.

A community cannot be replicated in crypto, and all 0DOG holders voted for a six-month cliff before vesting. This unshakeable faith in Bitcoin Dogs is palpable on all social channels. Crypto investors rarely get to be part of history at this stage in the technological adoption cycle. Many kick themselves for not buying BTC in 2010, 2013, 2016, etc. However, joining Bitcoin’s first ICO is one of these rare occasions when users can participate in history today.

Why Japan’s MicroStrategy Could Buy 0DOG Next

0DOG is the leading meme coin on the Bitcoin network and trades directionally with BTC. Metaplanet has already realized the value of holding BTC over higher time frames, and as risk conditions improve, adding meme coin exposure makes perfect sense. Especially a token so strongly correlated to BTC.

If Metaplanet starts adding 0DOG to its balance sheet, the price would skyrocket, and given Bitcoin Dogs’ impressive slew of listings and rampantly growing market accessibility, this would come as no surprise. Whispers are already starting that 0DOG could be crypto’s next 100X token, and the price could start moving vertically any day now.

You can visit the official Bitcoin Dogs website to learn more.

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