Metaplanet reaches cooperation with Japanese financial giant SBI's crypto department and will continue to increase its holdings of Bitcoin

It was announced that the Japanese listed company Metaplanet has partnered with the cryptocurrency division of financial services giant SBI Group, SBI VC Trade, to support its ongoing efforts to increase its holdings of corporate bitcoin. This partnership allows Metaplanet to utilize SBI's custody services, with the aim of prioritizing tax efficiency and providing the potential to use bitcoin as collateral for financing. Metaplanet stated that as its funds grow, it will continue to explore financial instruments that offer greater financial flexibility. Metaplanet has so far acquired 360 bitcoins ($207 million) and is using its primary reserve assets as collateral to enhance its ability to obtain equity and debt financing.