[Metaplanet reaches cooperation with the crypto department of Japanese financial giant SBI and will continue to increase its holdings of Bitcoin] On September 2, Metaplanet, a Japanese listed company, has cooperated with SBI VC Trade, the crypto department of financial services giant SBI Group, to support its efforts to continue to increase its corporate Bitcoin holdings. The partnership enables Metaplanet to use SBI's custody services, which aims to prioritize tax efficiency and provide the potential to use Bitcoin as collateral for financing. Metaplanet said that as the company's funds grow, it will continue to explore financial instruments that provide greater financial flexibility. Metaplanet has acquired 360 bitcoins (US$207 million) to date, using its main reserve assets as collateral to enhance its ability to obtain equity and debt financing.
