How Things Are Changing for Japan’s Largest Bitcoin Tank

Japanese company MetaPlanet has mirrored MicroStrategy by converting its balance sheet to Bitcoin. While the Japanese government has not adopted spot crypto ETFs and its taxation system has levied a heavier burden on crypto trading, stocks of companies like MetaPlanet have been regarded as a regulated proxy for Bitcoin exposure. Now this edge is being tested as the regulatory environment changes. From Bitcoin Proxy to Volatile Equity BackgroundThe company pivoted from a hospitality business to a Bitcoin treasury vehicle source: https://beincrypto.com/metaplanet-bitcoin-proxy/