Future

2024

Bitcoin

<ul>
 <li aria-level="1">CEO Simon Gerovich emphasizes integration of Bitcoin into financial operations to bolster investment and financing approaches.</li>
 <li aria-level="1">SBI VC Trade supports Metaplanet’s exclusive Bitcoin focus, enhancing trading and secure storage capabilities for the firm.</li>
</ul>
Metaplanet Inc., dubbed Japan’s MicroStrategy, has formalized a strategic partnership with SBI Group, a group already allied with Ripple Labs. This initiative marks a step in Metaplanet’s broader strategy to integrate Bitcoin more deeply into their financial operations.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 【SBI VCトレード × METAPLANET】 ビットコイン取引・保管・運用における提携開始<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;">
 メタプラネット（<a href="https://twitter.com/Metaplanet_JP?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Metaplanet_JP</a> <a href="https://twitter.com/gerovich?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@gerovich</a>）は、「ビットコインファースト、ビットコインオンリー」の戦略のもと、当社との提携によりBTCの取引・保管・運用を高度化<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a1.png" alt="💡" class="wp-smiley" style="height: 1em; max-height: 1em;">
 詳細はこちら▼<a href="https://t.co/6YaEDkJKaJ" rel="noopener noreferrer nofollow">https://t.co/6YaEDkJKaJ</a> <a href="https://t.co/6Do5kQmhws" rel="noopener noreferrer nofollow">pic.twitter.com/6Do5kQmhws</a>
 — SBI VC Trade (SBI VCトレード） (@sbivc_official) <a href="https://twitter.com/sbivc_official/status/1830441979765014627?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 2, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
This <a href="https://contents.xj-storage.jp/xcontents/33500/f7c642e1/bf33/466c/9dca/88ae8b08b02b/140120240828577920.pdf" rel="noopener noreferrer nofollow">collaboration aims</a> to leverage SBI Group’s expertise and infrastructure to provide Metaplanet with enhanced corporate custody services. These services are designed to optimize tax efficiency and offer the innovative option of using Bitcoin as collateral, which could revolutionize financing strategies within the firm.
Simon Gerovich, CEO of Metaplanet, explained the strategic rationale behind the partnership.&nbsp;
“Aligning with SBI Group allows us to refine our approach to financial management by integrating Bitcoin not just as a reserve asset but as a foundational element of our financial operations” – Gerovich stated.&nbsp;
He emphasized that this is crucial for enhancing the flexibility and efficacy of their investment and financing strategies.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Pleased to announce our collaboration with SBI Group company <a href="https://twitter.com/sbivc_official?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@sbivc_official</a> for Bitcoin trading and custody
 Japanese: <a href="https://t.co/BhsdwnU2Qk" rel="noopener noreferrer nofollow">https://t.co/BhsdwnU2Qk</a>
 English: <a href="https://t.co/2OUiTbMfna" rel="noopener noreferrer nofollow">https://t.co/2OUiTbMfna</a> <a href="https://t.co/swCyOX34bP" rel="noopener noreferrer nofollow">https://t.co/swCyOX34bP</a>
 — Simon Gerovich (@gerovich) <a href="https://twitter.com/gerovich/status/1830447703727452283?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 2, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
As we previously <a href="https://www.ethnews.com/sbi-holdings-and-franklin-templeton-launch-bitcoin-etfs-in-japan/" rel="noopener noreferrer nofollow">reported in ETHNews</a>, the company has been transparent about its Bitcoin holdings, which currently amount to 360.368 bitcoins, valued at approximately 3.45 billion Japanese yen. This demonstrates Metaplanet’s commitment to embedding Bitcoin into the core of its financial strategy.
On the other side of the partnership, SBI VC Trade, an arm of SBI Group, highlighted the alignment with Metaplanet’s vision. They noted Metaplanet’s emphasis on the unique properties of Bitcoin, such as its scarcity and the non-political nature of its monetary policy, which are key to its appeal as a financial asset.
Metaplanet is <a href="https://www.ethnews.com/metaplanet-inc-makes-6-25m-bitcoin-investment-a-bold-move-in-digital-assets/" rel="noopener noreferrer nofollow">pioneering</a> a “Bitcoin First, Bitcoin Only” strategy, emphasizing exclusive reliance on Bitcoin to power its future transactions, trading, and treasury operations. SBI Group supports this approach by enhancing the infrastructure for Bitcoin trading and secure storage.
In a related move, SBI Digital Community Co. Ltd. has expanded its blockchain efforts through a partnership with Ripple Labs to boost the adoption of the <a href="https://www.ethnews.com/ripples-filedgr-initiative-enhances-ai-data-authentication-using-xrp-ledger/" rel="noopener noreferrer nofollow">XRP Ledger</a>, particularly in Web3 applications.
The post <a href="https://www.ethnews.com/metaplanet-and-sbi-group-team-up-is-this-the-future-of-bitcoin-finance/" rel="noopener noreferrer nofollow">Metaplanet and SBI Group Team Up: Is This the Future of Bitcoin Finance?</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Metaplanet and SBI Group Team Up: Is This the Future of Bitcoin Finance?

ETHNews

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