Summary:
Metaplanet and SBI VC Trade form a strategic partnership to enhance bitcoin trading, storage, and management.
The partnership aligns with Metaplanetâs âBitcoin First, Bitcoin Onlyâ strategy focusing on scarcity.
Metaplanet gains access to tax-efficient corporate custody services from SBI VC Trade.
SBI VC Trade enables crypto asset-backed leverage trading and offers competitive funding rates.
The alliance supports Metaplanetâs goal of corporate bitcoin accumulation through compliant services.
Metaplanet and SBI VC Trade have forged a strategic partnership aimed at enhancing bitcoin trading, storage, and management. This collaboration, effective from September 2, 2024, aligns with Metaplanetâs âBitcoin First, Bitcoin Onlyâ strategy, which emphasizes the scarcity and decentralized nature of BTC.
Strategic Partnership Overview
The partnership allows Metaplanet to leverage SBI VC Tradeâs tax-efficient corporate custody services and utilize bitcoin as collateral, supporting its corporate bitcoin accumulation goals. Simon Gerovich, Representative Director of Metaplanet, stated:
âThis collaboration is part of our ongoing effort to engage with leading industry stakeholders in Japan who support our corporate Bitcoin accumulation strategy.â
Metaplanet has successfully accumulated approximately 360 BTC through various financing methods. The new partnership provides access to a compliant corporate custody service that prioritizes tax efficiency, allowing for the potential use of Bitcoin as collateral for financing.
SBI VC Trade's Role
SBI VC Trade, part of the SBI Group, a significant financial entity in Japan, emphasizes safety, security, and regulatory compliance. The company offers crypto asset-backed leverage trading, enabling the use of crypto assets as margin along with competitive funding rates and narrow spreads for leveraged transactions. Furthermore, SBI VC Trade provides an exemption service for end-of-period mark-to-market tax on crypto assets, enhancing financial flexibility for companies like Metaplanet in the growing crypto landscape.
What do you think about the strategic partnership between Metaplanet Inc. and SBI VC Trade to advance bitcoin trading and management? Let us know in the comments section below.
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