Japanese investment firm Metaplanet has partnered with the cryptocurrency division of SBI Holdings to boost its Bitcoin trading, storage and management capabilities, according to Monday’s announcement.
Moreover, the partnership is in line with Metaplanet’s vision to be a modern financial services provider. It also brings additional flexibility to the company’s corporate strategy, strengthening its ongoing equity and debt financing initiatives.
As Metaplanet’s treasury grows, the team is exploring various tools and strategies to further enhance its financial flexibility, as stated.
SBI VC Trade operates as a cryptocurrency exchange platform, allowing users to trade various digital assets. In addition, it offers services such as spot trading and margin trading.
Metaplanet secures $20.7 million in Bitcoins as part of Digital Gold strategy
Metaplanet has attracted considerable attention due to its substantial investment in Bitcoins, adopting a strategy similar to MicroStrategy. As a result, it has earned the nickname “Asia’s MicroStrategy” for its aggressive Bitcoin accumulation.
The company’s decision to invest in Bitcoin is dictated by economic conditions, such as the depreciation of the Japanese yen, exacerbated by persistently low interest rates. Therefore, by integrating Bitcoin into its reserves, Metaplanet is actively seeking to hedge against inflation and a decline in the currency’ s value, taking advantage of Bitcoin’s reputation as a digital form of gold.
Metaplanet is currently listed on the Tokyo Stock Exchange (TSE), which limits access for US investors. However, the company is actively planning to tokenize its shares on Bitcoin’s Tier 2 network, Liquid. As of September 2, Metaplanet holds 360.4 Bitcoin worth $20.7 million.
