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Ripple-Partner SBI Joins Forces With ‘Japan’s MicroStrategy’ Metaplanet

Bitcoinist LogoBitcoinist10h ago

Ripple-Partner SBI Joins Forces With ‘Japan’s MicroStrategy’ Metaplanet - Bitcoinist

Quick Summary:

SBI VC Trade, an affiliate of the Japanese banking conglomerate and long-term Ripple partner SBI Group, has entered into a strategic partnership with Metaplanet Inc., a Tokyo-based firm which recently gained recognition as ‘Japan’s MicroStrategy’ due to its extensive investment in Bitcoin.

The company’s commitment to a Bitcoin-centric treasury is evident from its recent disclosure in August, where it reported holding approximately 360.368 BTC, highlighting its aggressive strategy to increase shareholder value through sustained BTC accumulation.

The integration of these services underlines SBI’s broader commitment to the crypto sector which is also reflected in its long-standing collaboration with Ripple through SBI Ripple Asia.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 16:30:42 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 493 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22333728

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 34 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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