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Metaplanet Seeks Lifeline as Its Bitcoin-Fueled Flywheel Falters
Metaplanet, a Tokyo-listed firm originally known for its hotel business, reinvented itself in late 2024 as Japan’s boldest corporate Bitcoin accumulator. Much like MicroStrategy in the United States, the company crafted a strategy around using its stock market value as leverage: issue equity at a premium, funnel the proceeds