- CEO Simon Gerovich emphasizes integration of Bitcoin into financial operations to bolster investment and financing approaches.
- SBI VC Trade supports Metaplanet’s exclusive Bitcoin focus, enhancing trading and secure storage capabilities for the firm.
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.
【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🚀メタプラネット（@Metaplanet_JP @gerovich）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💡
詳細はこちら▼https://t.co/6YaEDkJKaJ pic.twitter.com/6Do5kQmhws
— SBI VC Trade (SBI VCトレード） (@sbivc_official) September 2, 2024
This collaboration aims 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.
“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.
He emphasized that this is crucial for enhancing the flexibility and efficacy of their investment and financing strategies.
Pleased to announce our collaboration with SBI Group company @sbivc_official for Bitcoin trading and custody
Japanese: https://t.co/BhsdwnU2Qk
English: https://t.co/2OUiTbMfna https://t.co/swCyOX34bP
— Simon Gerovich (@gerovich) September 2, 2024
As we previously reported in ETHNews, 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 pioneering 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 XRP Ledger, particularly in Web3 applications.
