Huo Xing Cai Jing reports, according to BBX data, yesterday’s synchronized occurrence of Japan’s interest rate hike and the Fed’s policy decision formed the most concentrated macroeconomic shock point of the week, coinciding with the release of new research findings on institutional stablecoins. Key developments include: Metaplanet Inc. (TSE: 3350), Asia’s largest corporate BTC holder and the third-largest publicly listed company globally in Bitcoin holdings (holding 40,177 BTC at an average cost of ~$104,000, targeting 100,000 BTC by end-2026), faced dual currency pressures yesterday. Following the Bank of Japan’s announcement of a 25-basis-point policy rate hike to 1.0%, the yen strengthened, temporarily reducing the yen-denominated book value of BTC. However, Bitcoin rallied逆势 (against the trend), with CoinDesk reporting the same day: “Bitcoin rallies after Japan rate increase,” resulting in an actual improvement in USD-denominated holdings. Metaplanet’s current BTC position is estimated at approximately $2.64 billion (at $65,750/BTC). Its latest capital move was the issuance on April 24 of its 20th bond series (EVO FUND), raising ¥8 billion (~$55 million) to fund additional BTC purchases. Analysts warn that if the BOJ’s rate hike triggers large-scale unwinding of the yen carry trade, global risk assets including BTC could face systemic deleveraging pressures—but Metaplanet holds physical BTC, not leveraged positions; its primary exposure is foreign exchange translation risk, not forced liquidation. OSL Group (HKEX: 0863.HK) and the Center for Applied Digital Innovation (CADI) at the Hong Kong Polytechnic University’s Business School jointly released a white paper on June 16 (published by The Block at 9:01 a.m. EDT the same day), titled “Cross-Border Trade Payments Will Drive Adoption of Regulated Enterprise Stablecoins.” The core argument asserts that enterprise-level cross-border trade payment demand is the primary driver for large-scale adoption of regulated stablecoins, surpassing retail consumer use cases. OSL Group holds Hong Kong SFC licenses No. 7 (Automated Trading Services) and No. 1 (Securities Trading), making it one of the few globally recognized compliant exchanges with practical experience in institutional custody and stablecoin settlement. Previously, in April 2026, OSL provided approximately $130 million in USDGO stablecoin settlement services to institutional clients. This white paper provides industry-based evidence to inform Hong Kong’s regulatory framework for stablecoins, complementing other global milestones including Visa’s $7 billion annualized stablecoin settlement volume, SoFi’s launch of SoFiUSD, and Western Union’s deployment of USDPT—collectively reinforcing the accelerating global adoption of enterprise stablecoins.
Metaplanet's BTC holdings affected by yen rate increase; OSL Group and PolyU release stablecoin adoption report
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Summary
Metaplanet’s BTC update is affected by the yen rate hike as the Bank of Japan raised rates by 25 basis points to 1.0%, strengthening the yen and temporarily reducing the yen value of its 40,177 BTC holdings. OSL Group and PolyU released a report showing accelerated institutional adoption of regulated stablecoins, with USDGO already facilitating $130 million in institutional settlements for cross-border trade.
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