Metaplanet has formed a collaboration with SBI VC Trade to bolster its Bitcoin strategy, encompassing the areas of trading, custody, and management of Metaplanet’s Bitcoin holdings.
The partnership is in line with Metaplanet’s goal of becoming a prominent contemporary financial services company and enhances its corporate strategy by providing more flexibility.
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.
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.
