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HTX News

06/16 09:36

Matrixport: Metaplanet's valuation is approaching $759,000 per Bitcoin

Matrixport released a daily chart analysis stating that in Japan, the highest tax rate for Bitcoin can reach 55%, making the tax cost relatively high for individuals holding it directly. For investors who are subject to regulatory restrictions or unable to custody assets themselves, Metaplanet provides an alternative path to indirectly allocate Bitcoin through stocks. Due to the small float of the company and strong market speculation sentiment, the stock is highly volatile, with an overall trend similar to early MicroStrategy.

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