Metaplanet reaches cooperation with Japanese financial giant SBI's crypto department and will continue to increase its holdings of Bitcoin

BlockBeats news, 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 custody services, which aims to prioritize tax efficiency and provide 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 funds grow. Metaplanet has acquired 360 bitcoins ($207 million) to date, using its main reserve assets as collateral to enhance its ability to obtain equity and debt financing.