Metaplanet股價再次達到了新的上限，增長了18.38％

Metaplanet股價再次達到了新的上限，週一飆升了18.38％，而在東京證券交易所的JPY持續了966年。

Metaplanet stock price has once again hit a fresh upper limit, surging 18.38% on Monday, while closing at 966 JPY on the Tokyo Stock Exchange. This comes as Japan’s debt crisis continues to worsen, with the 30-year government bond yields surging by a massive 100 basis points, to a record 3.20%, in the last 45 days.

Metaplanet股價再次達到了新的上限，週一飆升了18.38％，而在東京證券交易所的JPY持續了966年。這是因為日本的債務危機繼續惡化，在過去的45天內，政府債券收益率飆升了30年，達到了100個基點，達到了創紀錄的3.20％。

Thus, the Bitcoin (BTC) holding firm has proved to be investors’ safest bet in this macro uncertainty.

因此，比特幣（BTC）控股公司已被證明是投資者在這種宏觀不確定性中最安全的賭注。

The Metaplanet stock has been a subject of interest for investors due to its staggering 180% rally over the past month, which is being driven by strong Bitcoin liquidity. This is a replica of how the Strategy (MSTR) bets have played out in the past as a Bitcoin proxy.

Metaplanet股票一直是投資者的興趣主題，因為在過去的一個月中，其驚人的180％集會是由強勁的比特幣流動性驅動的。這是策略（MSTR）賭注過去如何作為比特幣代理的複製品。

The Japanese firm’s stock has also witnessed a massive liquidity surge over the past week, and trades for 20+ hours every day across different markets like Japan, Germany, and the United States.

在過去的一周中，這家日本公司的股票還見證了大量流動性激增，每天在日本，德國和美國等不同市場上進行20多個小時的交易。

Furthermore, company CEO Simon Gerovich has also confirmed that Metaplanet was the most purchased stock last week through NISA accounts at SBI Securities, Japan’s largest online brokerage.

此外，公司首席執行官西蒙·格羅維奇（Simon Gerovich）還確認，通過日本最大的在線經紀公司SBI Securities的NISA帳戶，Metaplanet是上週購買的股票。

This shows that Japanese investors are leveraging the NISA (Nippon Individual Savings Account), a tax-free investment scheme, to gain exposure to Bitcoin through Metaplanet stock.

這表明日本投資者正在利用免稅投資計劃（NIPPON個人儲蓄賬戶）通過Metaplanet股票獲得對比特幣的風險。

Concerns Over Company’s Exploding Valuation

對公司爆炸估值的擔憂

Amid the one-sided rally over the past month, some have also raised concerns over the company’s exploding valuation. However, Metaplanet’s Bitcoin strategist Dylan LeClair addressed the concerns by highlighting the BTC ratings.

在過去一個月的單面集會中，有些人也對公司的爆炸估值提出了擔憂。但是，Metaplanet的比特幣戰略家Dylan Leclair通過強調BTC評級來解決這些問題。

The Japanese Bitcoin holding firm has been highlighting its strong financial position with a BTC Rating of 69.24x. The company’s Bitcoin Net Asset Value (BTC NAV) remains highly over-collateralized, which ensures full bond coverage even if Bitcoin’s price drops to $2,000, stated LeClair.

這家日本比特幣控股公司以69.24倍的BTC評級強調了其強大的財務狀況。 Leclair表示，該公司的比特幣淨資產價值（BTC NAV）仍然高度過度合併，這可以確保全額保險，即使比特幣的價格下跌至2,000美元。

This capital structure positions Metaplanet as a haven for investors seeking Bitcoin exposure without the inherent risks associated with direct cryptocurrency holdings. Moreover, this over-collateralization showcases its ability to withstand substantial market volatility.

這種資本結構將Metaplanet定位為尋求比特幣敞口的投資者的天堂，而沒有與直接加密貨幣持有的固有風險。此外，這種過度的物質化展示了其承受大量市場波動的能力。

As Bitcoin is poised for a strong rally ahead, the firm’s Market Net Asset Value (mNAV) is expected to surge in tandem with the Bitcoin price trajectory. Consequently, the company’s Bitcoin holdings per share are likely to see significant appreciation.

正如比特幣有望進行強力集會的那樣，該公司的市場淨資產價值（MNAV）預計將與比特幣價格軌跡相連。因此，該公司每股比特幣持有量可能會引起極大的讚賞。

Japan’s Debt Crisis

日本的債務危機

Japan’s 30-year Government Bond Yield has surged by a staggering 100 basis points over the past 45 days, reaching a record high of 3.20%. This dramatic shift has led to over $500 billion in “safe” 40-year Japanese Government Bonds losing 20% of their value in just six weeks, highlighting clear cracks in the bond market stability.

在過去的45天中，日本的30年政府債券收益率飆升了100個基點，達到創紀錄的3.20％。這種戲劇性的轉變導致了超過5000億美元的“安全” 40年的日本政府債券在短短六週內損失了其價值的20％，這突顯了債券市場穩定性的明顯裂縫。

Japan’s Debt-to-GDP ratio has now surpassed 260% for the first time in history, nearly double that of the United States and among the top five highest worldwide. Last week, the country’s Prime Minister expressed that Japan’s debt crisis is “worse than Greece”.

現在，日本的債務與GDP比率已超過歷史上的首次超過260％，幾乎是美國的兩倍，並且是全球前五名。上週，該國總理表示，日本的債務危機“比希臘還糟”。

On the other hand, recent bond auctions have failed to capture enough demand. Amid this situation, investors are finding solace by betting on companies like Metaplanet that have BTC exposure.

另一方面，最近的債券拍賣未能捕獲足夠的需求。在這種情況下，投資者通過押注諸如具有BTC曝光的Metaplanet這樣的公司來找到慰藉。

The Japanese government has unveiled a ¥900 billion ($6.5 billion) emergency relief package to mitigate the impact of proposed U.S. tariffs. This measure is expected to inject additional liquidity into the economy, ultimately benefiting BTC and firms like Metaplanet.

日本政府已公佈了9000億日元（65億美元）的緊急救濟方案，以減輕擬議的美國關稅的影響。預計該措施將向經濟注入額外的流動性，最終使BTC和Metaplanet等公司受益。