{"id":37084,"date":"2024-09-02T10:14:01","date_gmt":"2024-09-02T10:14:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/metaplanet-partners-with-sbi-vc-trade-to-enhance-bitcoin-strategy\/"},"modified":"2024-09-02T10:14:01","modified_gmt":"2024-09-02T10:14:01","slug":"metaplanet-partners-with-sbi-vc-trade-to-enhance-bitcoin-strategy","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/metaplanet-partners-with-sbi-vc-trade-to-enhance-bitcoin-strategy\/","title":{"rendered":"Metaplanet partners with SBI VC Trade to enhance Bitcoin strategy"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Japanese investment firm Metaplanet has announced a partnership with SBI VC Trade, a subsidiary of financial services behemoth SBI Group.<\/span><\/li>\n<li>Partnership will help boost Metaplanet\u2019s Bitcoin strategy, including compliance.<\/li>\n<li>Metaplanet has acquired 360 Bitcoin (BTC) as it targets becoming \u2018Asia\u2019s MicroStrategy\u2019<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">In an announcement on Sept. 2, Metaplanet <a href=\"https:\/\/x.com\/gerovich\/status\/1830447703727452283\" target=\"_blank\" rel=\"noopener\">said<\/a> its collaboration with SBI VC Trade is part of the company\u2019s quest to enhance its Bitcoin strategy with support from <a href=\"https:\/\/coinjournal.net\/news\/tag\/japan\/\">Japan-based<\/a> firms. This includes trading, custody and management of Metaplanet\u2019s <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-touches-58k-again-as-analysts-share-bearish-forecasts\/\">Bitcoins<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Metaplanet is a publicly-traded company listed on the Tokyo Stock Exchange and the partnership with the SBI crypto arm offers a route to further compliance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cA key element of this partnership is access to a compliant corporate custody service that prioritizes tax efficiency and offers the potential to utilize Bitcoin as collateral for financing,\u201d Metaplanet said in a statement.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The alliance with SBI VC Trade aligns with Metaplanet\u2019s vision of becoming a leading modern financial services firm. It also adds flexibility to Metaplanet\u2019s corporate strategy, bolstering its efforts to accumulate more BTC via equity and debt financing.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Metaplanet will update its stakeholders of any financial o material impact that arises from the partnership, part of the statement read.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">BTC as a corporate strategy<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The partnership with SBI VC Trade comes amid Metaplanet\u2019s increasing bet on Bitcoin as part of its corporate strategy. In April 2024, the company<\/span> <a href=\"https:\/\/x.com\/Metaplanet_JP\/status\/1777243921867014574\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">disclosed<\/span><\/a><span style=\"font-weight: 400\"> its addition of BTC as a core treasury asset and committed an initial 1 billion Japanese yen to buying Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Over the next months, the strategic pivot has seen the industry dub Metaplanet as \u201cAsia\u2019s MicroStrategy\u201d in a nod to its target to mirror the US-listed <a href=\"https:\/\/coinjournal.net\/news\/tag\/microstrategy\/\">MicroStrategy<\/a>\u2019s embrace of the digital asset.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Currently, the Michael Saylor-led company has acquired a total of 226,500 BTC. This accounts for just over 1% of the total supply of Bitcoin and makes MicroStrategy the largest holder of BTC among publicly-traded companies.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the other hand, Metaplanet holds a total of 360 BTC, having increased its holdings with a series of purchases over the past two months.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/metaplanet-partners-with-sbi-vc-trade-to-enhance-bitcoin-strategy\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Japanese investment firm Metaplanet has announced a partnership with SBI VC Trade, a subsidiary of financial services behemoth SBI Group. Partnership will help boost Metaplanet\u2019s Bitcoin strategy, including compliance. Metaplanet has acquired 360 Bitcoin (BTC) as it targets becoming \u2018Asia\u2019s MicroStrategy\u2019 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":37085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/37084"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=37084"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/37084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/37085"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=37084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=37084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=37084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}