Unlocking Bitcoin Potential: Metaplanet and SBI VC Trade Join Forces for Revolutionary Trading Solutions

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 Metaplanet’s ‘Bitcoin First, Bitcoin Only’ strategy, which emphasizes the scarcity and decentralized nature of BTC.

Strategic Partnership Overview

The partnership allows Metaplanet to leverage SBI VC Trade’s tax-efficient corporate custody services and utilize bitcoin as collateral, supporting its corporate bitcoin accumulation goals. Simon Gerovich, Representative Director of Metaplanet, stated:

“This collaboration is part of our ongoing effort to engage with leading industry stakeholders in Japan who support our corporate Bitcoin accumulation strategy.”

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.