Bitcoin

Bold

Coin

<ul class="news-points">
 <li>Metaplanet to buy 1B yen in Bitcoin with bond funds.</li>
 <li>Bitcoin for long-term holding recorded at cost, exempt from market value taxes.</li>
 <li>Bitcoin for operations valued quarterly, gains or losses recorded in income statement.</li>
</ul>
Metaplanet, dubbed Asia’s “Microstrategy,” plans to purchase 1 billion yen worth of Bitcoin using proceeds from its second series of ordinary bonds. This decision was reached during a recent <a href="https://contents.xj-storage.jp/xcontents/33500/be5f5cac/3cbe/445b/9890/15ba01b5994d/140120240620533309.pdf" target="_blank" rel="noopener noreferrer nofollow">Board of Directors meeting</a>. The Japanese firm also disclosed its policy for recording and evaluating its Bitcoin holdings, classifying them as long-term or operational.
For Bitcoin held long-term, Metaplanet will record the purchase cost, exempting them from end-of-term market value assessment taxation. BTC not allocated for the long term will be assessed at market value at the end of each quarter, with gains or losses recorded under non-operating income or expenses.
If Bitcoin is used for operations, the remaining balance will be classified as current assets. However, the firm reaffirmed its commitment to holding Bitcoin for the long term. Such policies are essential for transparent financial reporting and reducing market speculation and potential mani…
The post <a href="https://coinedition.com/asias-microstrategy-metaplanets-bold-1b-bitcoin-bet/" rel="noopener noreferrer nofollow">Asia’s Microstrategy? Metaplanet’s Bold $1B Bitcoin Bet</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Asia’s Microstrategy? Metaplanet’s Bold $1B Bitcoin Bet

Coin Edition

Muita 24. kesäk. 2024 julkaistuja artikkeleja

New Meme Coin Sealana Listing Soon - Experts Predict 10x Rally Post Launch

New Solana Memecoin Donald Bumps Jumps to $1 Million Market Cap and Prepares to Rally Another 14,...

Can $60K BTC price support hold? 5 things to know in Bitcoin this week

What Makes Bitgert a Standout Blockchain Token in 2024?

What is Woo Network Coin?

Cryptos To Dominate 2024: BlockDAG Proves Mettle With $53.2M Presale As Attention Shifts From BCH...

Join our free newsletter for daily crypto updates!