The Next MicroStrategy? This Japanese Public Company Is Buying Bitcoin

📆 13.04.2024 1:05:00
📰 BitcoinMagazine

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Japanese public company Metaplanet is purchasing $6.5 million in Bitcoin for its corporate treasury, mimicking MicroStrategy's BTC accumulation strategy.

Japanese firm Metaplanet announced it is purchasing 1 billion yen worth of Bitcoin as part of its corporate treasury strategy, a move that mimics

By adopting a Bitcoin treasury reserve similar to MicroStrategy, Metaplanet aims to benefit from Bitcoin's upside while mitigating risks. MicroStrategy has pioneered the corporate Bitcoin treasury strategy, buying over $6 billion worth of BTC since 2020.The move also provides Japanese investors indirect Bitcoin exposure without high unrealized gains taxes, which can reach 55% in Japan. Metaplanet's Bitcoin funds will be held in a tax-advantaged structure only accessible by the company.

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