3D·

🇯🇵 Japan examines Bitcoin for banks - Metaplanet in focus 🚀

Last week, the Japanese Financial Supervisory Authority (FSA) reported that banks could in future $BTC (+2.75%) could hold and trade directly.

This was previously prohibited - Japan would thus allow institutional demand in its own country for the first time.

💡 Why Metaplanet benefits:

Only listed Bitcoin holder in Japan. With institutional demand $3350 (+2.91%) automatically becomes a proxy for this market.
Valuation leverage: Bitcoin in own holdings is legitimized → potential re-rating.
Network effect: More media attention and capital interest in the domestic market.
Asymmetrical setup: Small market value, big opportunity with structural market opening.

📅 Status:

No decision yet, implementation 2026 at the earliest. Japan is moving cautiously towards crypto integration - a step that could accelerate institutional adoption in the long term.

💭 Conclusion:

Metaplanet could go from niche value to local market leader for bitcoin exposure.

Very exciting then. If the reform goes through, it would be very good for $BTC (+2.75%) and above all $3350 (+2.91%) look very good.

Greetings,

Don

20 Comments

All-in-or-nothing@All-in-or-nothing

If Japanese banks are allowed to build up their own crypto holdings, Metaplanet's previous business model will effectively cease to exist, you are aware of that, right? So why buy the stock as an institutional investor if you can hold BTC without the usual entrepreneurial risks associated with an equity investment? The argument is seriously flawed...

•

der_Don@der_Don

@All-in-or-nothing Good point. It's true that Metaplanet's advantage as the only local bitcoin exposure would be mitigated by opening it up to banks.

Nevertheless, the stock could still be interesting because Metaplanet already holds bitcoin on its balance sheet, whereas banks would have to get started.
For retail and smaller institutional investors, a share often remains more accessible than direct Bitcoin purchases or custody solutions.
In addition, banks could use Metaplanet as a partner for expertise or treasury solutions instead of building everything themselves.

In short, the stock is no longer the only way to profit from Bitcoin in Japan, but Metaplanet could continue to benefit from infrastructure, expertise and visibility.
Especially the point that Metaplanet is still the easiest way for shareholders to invest in Bitcoin makes me remain confident.
So would you rather say that the reform is a threat to Metaplanet?

•

Stefan21@stefan_21

@All-in-or-nothing I had exactly the same thought with Strategy when the spot ETFs came onto the market :D
What I didn't realize at the time was the difference between "holding a Bitcoin proxy" and "holding a Bitcoin proxy that continuously accumulates more Bitcoin".

I think that regulatory clarity is generally boosting Bitcoin in Japan and thus indirectly also Metaplanet :)
Even if their enormous tax advantage, which they have at the moment, may be nullified.
But emotionally, I think it's more positive than negative for Metaplanet.

•

der_Don@der_Don

@stefan_21 and even if Metaplanet becomes less attractive for institutional investors, on the other hand the purchasing power for Bitcoin increases, which drives up the Bitcoin price and thus also the Metaplanet price. At the end of the day, this would balance out. I therefore see all of this as an opportunity for Metaplanet and not as a threat.

•

All-in-or-nothing@All-in-or-nothing

@der_Don In this context, it is perhaps also due to the usual structures in Japan that I see the whole thing more as a risk than an opportunity for Metaplanet. In my experience and to the best of my knowledge, Japanese investors are among the most conservative investors in the world. Therefore, I actually think that Japanese people are more likely to entrust their money to the big Japanese banks than to invest large amounts of money in Metaplanet pumpen🤷🏼‍♂️. I may be wrong and time will tell, but that's my assessment. And to @stefan_21: I understand that you were thinking the same thing at $MSTR but there is a huge difference between the US and Japan: the fundamental structure of the financial and pension system. The majority of American wealth (i.e. the wealth of the broad masses, excluding the top 10%) is in 401k contracts. Pension funds etc. are still largely tied to rigid guidelines with regard to possible investments. Direct BTC investments are still largely not possible there either, so strategy is of course still the method of choice for incorporating BTC into the allocation. The Japanese save in savings accounts across the board and in large numbers and live off them in old age. I really doubt that Metaplanet will be pumped out of this. As I said, the Japanese and their banks😅. I wish for all those invested that this gives Metaplanet a big push, but the current facts speak for me rather dagegen🤷🏼‍♂️. My position has been closed for a few days now and there are no plans to re-enter at the moment.

•

der_Don@der_Don

@All-in-or-nothing The Japanese are among the most conservative investors, that's true. But what will it be like if the banks that the Japanese trust so much start buying Bitcoin? I think that could make some Japanese people have more confidence in Bitcoin. This would increase the purchasing power of Bitcoin, thus the price, and Metaplanet would also benefit.
Well, you are no longer invested in Metaplanet and perhaps have a more neutral view than I do. Maybe I'm just looking for reasons why the share price could continue to rise... 😁

•

Stefan21@stefan_21

@All-in-or-nothing does that mean that the Japanese and Germans are very similar in their investment behavior?
I'm going to sell Metaplanet as soon as I make an acceptable profit and move the money into BTC. For me, it wasn't a long-term investment from the start, but an opportunity to achieve a higher short-term return than with Bitcoin - which hasn't worked out at all so far😂
But I'm in absolutely no hurry to sell now because I don't need the money at the moment. And no matter what impact this has on Metaplanet - they have hardly any debt and are sitting on over 30k Bitcoin - sooner or later the share price will rise😁
And I think that the announced prefs will cause the BTC/share to rise again. But then I'm also out because I don't think the dividends will really work out in the long term - but we will sehen🤷‍♂️

•

PaulPK@PaulPK

@stefan_21 However, this "short-term" should already be 1-2 years. I am convinced that it can still outperform.

••

“Lloyd_is_water!“@Ash

I really enjoyed reading your discussion. Thank you very much @stefan_21 @All-in-or-nothing @der_Don

•

Stefan21@stefan_21

@Ash classic evening entertainment of GetQuin colleagues who all bought a meme share on fomo🤪😂

•

der_Don@der_Don

@stefan_21 but I actually find that such discussions and exchanges are a lot of fun. ✌🏼

•

View all 7 further answers

Singulus@Singulus

THAT is the way 💯.

•

Logout87@Logout87

Sounds like a very exciting development! If Japan actually clears the way for banks to hold and trade Bitcoin directly, this could give a huge boost to institutional demand. Metaplanet in particular, as the only listed Bitcoin holder in Japan, is in an extremely strong position. The potential legitimization of Bitcoin in its own holdings could lead to a massive re-rating and fuel interest in $3350 as a proxy for the Japanese market.

The company definitely has a strategic advantage here as Japan moves further towards crypto integration and this could not only attract massive media attention but also capital interest in the domestic market. To me, this looks like a real opportunity to see Metaplanet as a local leader in bitcoin exposure, especially with such a small market cap and a great opportunity for long-term growth.

Would be exciting to see how regulation develops, but definitely a company to keep an eye on. 🚀

•