🤔 Japanese version of MicroStrategy? Metaplanet holds over 10000 BTC, but there is something behind the story .. They invested billions of yen, not relying on their main business, but playing the financial magic of "zero interest rate+derivatives" and constructing a crazy leverage engine! ⚙️💸 ⚠️ Risk Warning: This is a dance on the tip of a knife! The current health indicator (mNAV) is fully supported by the strong performance of BTC. Once the coin price drops significantly, it may trigger a double kill mode of 'asset shrinkage+financing difficulties'! 📉💥 More importantly, with a large influx of retail investors (NISA accounts), do they really understand this complex debt structure? Is this a leap of faith in BTC or a structured leveraged gamble disguised as a listed company? The market may underestimate the risk. In a bull market, everyone is a stock god Until the tide recedes. 🧐 Metaplanet Bitcoin