According to BlockBeats, on September 2, Japanese listed company Metaplanet has partnered with SBI VC Trade, the crypto arm of financial services giant SBI Group, to support its continued efforts to increase corporate Bitcoin holdings.
The partnership enables Metaplanet to use SBI’s custodial services, which are designed to prioritize tax efficiency and offer the potential to use Bitcoin as collateral for financing.
Metaplanet said it will continue to explore financial instruments that provide greater “financial flexibility” as the company’s coffers grow. Metaplanet has acquired 360 bitcoins ($207 million) to date, using its primary reserve asset as collateral to enhance its ability to obtain equity and debt financing.
