Jamie Crawley is a CoinDesk news reporter based in London.
Metaplanet said it is partnering with SBI VC Trade to utilize its corporate custody service which offers the potential to use BTC as collateral for financing.
"This aligns with our vision of a modern financial service provider and adds flexibility to our corporate strategy, complementing our ongoing efforts in equity and debt financing," Metaplanet said.SBI VC Trade, a unit of Tokyo-based SBI Holdings, prioritizes tax efficiency and offers the potential to use BTC as collateral for financing,. SBI Holdings is a financial services company that manages around 27.2 trillion yen .
"This aligns with our vision of a modern financial service provider and adds flexibility to our corporate strategy, complementing our ongoing efforts in equity and debt financing," Metaplanet said.The reserve-asset strategy mimics software developer MicroStrategy , which has been buying bitcoin since 2020 and now holds over 226,000 BTC, more than 1% of all the bitcoin that will ever exist.
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