Metaplanet股价再次达到了新的上限，增长了18.38％

Metaplanet股价再次达到了新的上限，周一飙升了18.38％，而在东京证券交易所的JPY持续了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股价再次达到了新的上限，周一飙升了18.38％，而在东京证券交易所的JPY持续了966年。这是因为日本的债务危机继续恶化，在过去的45天内，政府债券收益率飙升了30年，达到了100个基点，达到了创纪录的3.20％。

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

因此，比特币（BTC）控股公司已被证明是投资者在这种宏观不确定性中最安全的赌注。

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股票一直是投资者的兴趣主题，因为在过去的一个月中，其惊人的180％集会是由强劲的比特币流动性驱动的。这是策略（MSTR）赌注过去如何作为比特币代理的复制品。

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.

在过去的一周中，这家日本公司的股票还见证了大量流动性激增，每天在日本，德国和美国等不同市场上进行20多个小时的交易。

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，公司首席执行官西蒙·格罗维奇（Simon Gerovich）还确认，通过日本最大的在线经纪公司SBI Securities的NISA帐户，Metaplanet是上周购买的股票。

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.

这表明日本投资者正在利用免税投资计划（NIPPON个人储蓄账户）通过Metaplanet股票获得对比特币的风险。

Concerns Over Company’s Exploding Valuation

对公司爆炸估值的担忧

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.

在过去一个月的单面集会中，有些人也对公司的爆炸估值提出了担忧。但是，Metaplanet的比特币战略家Dylan Leclair通过强调BTC评级来解决这些问题。

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.

这家日本比特币控股公司以69.24倍的BTC评级强调了其强大的财务状况。 Leclair表示，该公司的比特币净资产价值（BTC NAV）仍然高度过度合并，这可以确保全额保险，即使比特币的价格下跌至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.

这种资本结构将Metaplanet定位为寻求比特币敞口的投资者的天堂，而没有与直接加密货币持有的固有风险。此外，这种过度的物质化展示了其承受大量市场波动的能力。

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.

正如比特币有望进行强力集会的那样，该公司的市场净资产价值（MNAV）预计将与比特币价格轨迹相连。因此，该公司每股比特币持有量可能会引起极大的赞赏。

Japan’s Debt Crisis

日本的债务危机

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.

在过去的45天中，日本的30年政府债券收益率飙升了100个基点，达到创纪录的3.20％。这种戏剧性的转变导致了超过5000亿美元的“安全” 40年的日本政府债券在短短六周内损失了其价值的20％，这突显了债券市场稳定性的明显裂缝。

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”.

现在，日本的债务与GDP比率已超过历史上的首次超过260％，几乎是美国的两倍，并且是全球前五名。上周，该国总理表示，日本的债务危机“比希腊还糟”。

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，最近的债券拍卖未能捕获足够的需求。在这种情况下，投资者通过押注诸如具有BTC曝光的Metaplanet这样的公司来找到慰藉。

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.

日本政府已公布了9000亿日元（65亿美元）的紧急救济方案，以减轻拟议的美国关税的影响。预计该措施将向经济注入额外的流动性，最终使BTC和Metaplanet等公司受益。