- Tokyo Stock Exchange-listed Metaplanet announced it is allocating $6.5 million to Bitcoin as part of its new financial strategy, aiming to become “Asia’s first MicroStrategy”
- The move will allow Japanese investors to gain exposure to Bitcoin without paying high unrealized gains tax
- Metaplanet achieved this milestone through partnerships with venture capital firm Sora Ventures, Morgan Creek Capital CEO Mark Yusko, and others
Tokyo stock exchange-listed Metaplanet has embraced Bitcoin as a core treasury asset, allocating $6.56 million to the leading cryptocurrency. This pioneering financial move positions Metaplanet as the ‘Asia’s first MicroStrategy‘, allowing Japanese investors to gain Bitcoin exposure without high taxes.
Metaplanet’s Bitcoin Investment
Metaplanet announced on April 8 that it is dedicating 1 billion yen (approximately $6.56 million) to Bitcoin as part of a shift in its financial strategy. The company stated that this transition to Bitcoin is a significant step in adopting digital assets in Japan and leading innovation in digital finance. Metaplanet achieved this milestone through partnerships with Sora Ventures, Morgan Creek Capital CEO Mark Yusko, Jack Liu and others.
Creating Asia’s First MicroStrategy
Sora Ventures founder Jason Fang described Metaplanet’s move as “Asia’s first MicroStrategy.” Fang explained that Metaplanet’s new product will enable Japanese investors to gain Bitcoin exposure without paying unrealized gains taxes up to 55%. It will also let anyone with a Tokyo Stock Exchange account access Bitcoin without regulatory risks.
Looking Ahead
Metaplanet is pioneering Bitcoin adoption for public companies in Asia. With the success of MicroStrategy’s Bitcoin investments, Metaplanet is positioned to replicate this strategy. Its new product opens the door for mainstream Japanese investors to gain regulated and tax-efficient Bitcoin exposure.
