Bitcoin

Giant

Coin

<ul class="wp-block-list news-points"> 
 <li>Metaplanet partners with SBI Holdings to boost its Bitcoin accumulation.</li> 
 <li>The alliance intends to support Metaplanet’s Bitcoin trading, storage, and management.</li> 
 <li>SBI Holdings aims to bolster its cryptocurrency trading and Web3-focused businesses.</li> 
</ul> 
Japanese financial giant SBI Holdings’ crypto division, SBI VC Trade, is partnering with investment firm Metaplanet to boost Metaplanet’s Bitcoin holdings. Announced on September 2, 2024, <a href="https://coinpost.jp/?p=555650" target="_blank" rel="nofollow">the collaboration</a> will support Bitcoin trading, storage, and management services. SBI VC Trade aims to strengthen its ties with Japanese industry leaders through this partnership, further solidifying its commitment to corporate Bitcoin accumulation. 
Metaplanet, often referred to as Asia’s MicroStrategy due to its <a href="https://coinedition.com/metaplanets-bitcoin-bet-japanese-firm-follows-microstrategys-playbook/">aggressive Bitcoin acquisition</a> strategy, continues to expand its Bitcoin portfolio. As of August 20, 2024, Metaplanet held 360.368 Bitcoins, valued at approximately ¥3.45 billion ($25.6 million). Its recent purchase included ¥500 million ($3.7 million) worth of Bitcoins, following a ¥1 billion ($7.4 million) loan acquisition. 
Metaplanet, focused on becoming a leading financial services provider, believes the SBI partn…
The post <a href="https://coinedition.com/japanese-financial-giant-sbi-backs-metaplanets-bitcoin-push/">Japanese Financial Giant SBI Backs Metaplanet’s Bitcoin Push</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Japanese Financial Giant SBI Backs Metaplanet’s Bitcoin Push

Coin Edition

Other articles published on Sep 2, 2024

Bitcoin Price Plunges to $57K Causing Uncertainty in the Market

Cardano’s Latest Upgrade: What is Chang Hard Fork?

What is the New Ethereum Layer-2 Network Corn?

Avalanche Foundation Announces infraBUIDL() Program to Boost Blockchain Tooling and Infrastructure

Telegram CEO Pavel Durov Released on €5M Bail Amid Serious Charges

Donald Trump Launches Fourth NFT Collection with Exclusive Physical Rewards

Join our free newsletter for daily crypto updates!