Japanese investors buy Metaplanet in large quantities…“A tax-free indirect investment vehicle”
Summary
- Metaplanet announced that it ranked number one as the most purchased stock in SBI’s NISA accounts, the largest online brokerage in Japan.
- The CEO of Metaplanet stated that Japanese investors are choosing this stock due to the benefits of indirect investment in Bitcoin and tax exemption.
- Metaplanet announced a Bitcoin-only capital increase of JPY 770.9 billion and revealed its goal to acquire 1% of the total Bitcoin issuance.
Last week, Metaplanet ranked first as the most purchased stock. Metaplanet is recognized as a Bitcoin (BTC) holding company with a strategic approach from Japan.
On the 9th (local time), Simon Gerovich, CEO of Metaplanet, announced via X (formerly Twitter), "Last week, Metaplanet was ranked number one as the most purchased stock in SBI’s NISA accounts, the largest online brokerage in Japan."
He added, "Japanese investors are making indirect investments in Bitcoin to avoid capital gains tax," and that "the combination of Bitcoin, tax exemption, and leverage is Metaplanet stock." Japan's NISA account system exists as a measure to promote individual investing, offering tax-free benefits.
Meanwhile, previously, Metaplanet announced a plan for a Bitcoin-only capital increase worth JPY 770.9 billion (approximately ₩7.27 trillion). Its goal is to acquire 1% of the total issuance of Bitcoin (21 million) by 2027.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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