- Metaplanet and SBI VC Trade Collaboration
- Financial Flexibility and Tax Efficiency
- Comparison with MicroStrategy
Metaplanet has announced a collaboration with SBI VC Trade to bolster its Bitcoin strategy, encompassing the areas of trading, custody, and asset management.
Metaplanet and SBI VC Trade Collaboration
The partnership aligns with Metaplanet's goal of becoming a modern financial company and enhances its strategy by providing more flexibility.
Financial Flexibility and Tax Efficiency
The primary aspect of the cooperation is the availability of a corporate custody service that adheres to regulations and emphasizes tax efficiency. Additionally, it provides the opportunity to use Bitcoin as collateral for financing purposes. Metaplanet shall inform its stakeholders about any financial or material consequences that may result from the cooperation.
Comparison with MicroStrategy
Metaplanet's growing focus on Bitcoin as a key element of its corporate strategy has led to a partnership, earning the company the nickname 'Asia's MicroStrategy' due to its goal of emulating the US-listed company's adoption of the digital asset. MicroStrategy, led by Michael Saylor, currently possesses a total of 226,500 BTC, establishing itself as the foremost holder of BTC among publicly-traded corporations.
The new partnership between Metaplanet and SBI VC Trade strengthens the companies' positions in the cryptocurrency world, offering new opportunities for trading and custody of Bitcoin.
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