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Title: Japan’s Metaplanet Soars 3600% on Bitcoin Strategy, Targets 21000 BTC Holdings
Metaplanet, a Japanese company, has seen its stock surge by an astonishing 3600% in just over a year, driven largely by its innovative Bitcoin strategy. The remarkable growth can be attributed to the company’s decision to allow citizens to invest in stocks tax-free, making it a more attractive option compared to direct Bitcoin purchases, which are taxed at some of the highest rates globally.
According to recent reports, Metaplanet has seen a significant increase in its shareholder count, with nearly 50,000 investors joining the platform. While institutional players like Capital Group have also taken positions in the company, it’s clear that retail traders make up the majority of Metaplanet’s investor base. Many of these new investors are entering the crypto market for the first time and see Metaplanet as a regulated and tax-efficient way to gain Bitcoin exposure.
Metaplanet has not only attracted individual investors but has also formed key partnerships, including one with SBI Holdings, Japan’s leading financial services company, to secure its Bitcoin holdings and ensure regulatory compliance.
Source: http://www.crypto-news-flash.com
