Metaplanet, a Japanese investment adviser, has announced a strategic partnership with SBI VC Trade to enhance its Bitcoin (BTC) custody services. The move aligns with Metaplanet’s broader strategy of incorporating Bitcoin as a reserve asset to diversify and bolster its financial stability.

Strategic Partnership and Custody Services

Metaplanet revealed earlier this year that it was adopting Bitcoin as a reserve asset to mitigate the volatility of the Japanese yen. By mid-August, the company had accumulated a total of 360 BTC, valued at approximately $21 million. The recent collaboration with SBI VC Trade, a subsidiary of Tokyo-based SBI Holdings, will provide Metaplanet with advanced corporate custody services. SBI VC Trade, regulated by Japan’s Financial Services Agency, offers tax-efficient solutions and the ability to use BTC as collateral for financing.

“This partnership aligns with our vision of being a modern financial service provider and enhances our flexibility in corporate strategy,” said Metaplanet. The integration of Bitcoin into their financial framework complements ongoing efforts in equity and debt financing.

Market Impact and Comparative Strategy

Metaplanet’s decision mirrors the approach taken by MicroStrategy (MSTR), a software developer that has been acquiring Bitcoin since 2020 and now holds over 226,000 BTC, representing more than 1% of the total Bitcoin supply. This strategic move by Metaplanet reflects a growing trend among companies seeking to hedge against currency volatility and embrace digital assets.

Despite this positive development, Metaplanet’s stock saw a decline of 12.4% to 1,220 yen ($8.30) on Monday. The drop in share value contrasts with the company’s proactive steps towards integrating Bitcoin into its financial strategy.

This partnership marks a significant step for Metaplanet in strengthening its financial position and leveraging Bitcoin’s potential within its corporate framework.