This is not an ordinary buy the dip, but a national-level risk hedging experiment.

Metaplanet directly stated: "We want to use BTC to fight against the entire debt inflation cycle in Japan." Sounds crazy? But they are indeed heading in the right direction.

# # Why are Japanese companies starting to hoard Bitcoin?

The reality is harsh: Japan is experiencing a trust crisis in its asset savings system. The aftereffects of negative interest rate policies have yet to be digested, the continuous depreciation of the yen is shrinking savings, and the scale of sovereign debt has long exceeded twice the GDP. When fiat currency itself becomes a source of risk, smart money will only make one choice – to turn to the asset with the strongest consensus: BTC.

The gameplay of Metaplanet is more extreme: they don't just buy and hold to wait for appreciation, but aim to generate cash flow from BTC. This is something traditional businesses can't think of, but it’s the logic that capital circles desire the most — not relying on policy shifts, not waiting for economic recovery, and certainly not depending on national bonds for sustenance. Bitcoin here becomes an insurance policy against systemic risk.

# # But just hoarding coins is not enough.

Simply holding BTC can only bet on the direction, and it cannot generate cash flow on its own. It can serve as a safety cushion, but it cannot be a growth engine. The true core strategy of Metaplanet is in the latter half of the sentence: "turn BTC into a profitable asset."

This is the problem that BTCFi is trying to solve.

One of the strongest landing solutions right now is Hemi.

# # How can Hemi turn BTC into an interest-bearing asset?

What Hemi essentially does is three things: transform Bitcoin from "dead money" into "living money," allowing the BTC in corporate treasuries to retain value while generating profits. It provides a lending rate market, enabling BTC to participate in the DeFi ecosystem without losing security, while also connecting cross-chain liquidity channels, allowing companies to use BTC as collateral for more flexible capital operations.

This is not hype, but a shift in corporate financial management paradigms—from "holding for appreciation" to "holding for interest", from passive allocation to active value enhancement. The explosion of BTCFi is not a coincidence, but an inevitable choice when the credibility of fiat currency collapses and traditional financial returns fall below the safety line.

Metaplanet has just made a start, and more companies will follow.