LATEST: Japan’s SBI Collaborates with Metaplanet on Bitcoin Trading Services

Metaplanet, often called the “Japanese MicroStrategy,” has announced a new strategic partnership with SBI Group’s crypto investment service, SBI VC Trade. Metaplanet CEO Simon Gerovich revealed on social media that the collaboration, effective immediately, will focus on enhancing Bitcoin trading and custody solutions. The partnership marks a significant step in Metaplanet’s strategy to expand its Bitcoin holdings, leveraging SBI’s expertise to ensure tax-efficient custody and the use of Bitcoin as financing collateral.

SBI’s support will enable Metaplanet to enhance its financial flexibility through innovative tools and strategies. The Tokyo Stock Exchange-listed SBI Holdings subsidiary, SBI VC Trade, will provide crucial trading, storage, and operational assistance. With services including a new tax exemption on crypto asset benefits, Metaplanet is set to strengthen its position in the cryptocurrency market, bolstering its treasury with advanced financial assets and operational support from a trusted partner.

93.6K Reads