Metaplanet’s outperformance over U.S. Bitcoin strategy stocks proves one thing: Regional Bitcoin Strategy has higher upside / potential than U.S Strategy plays

Two main reasons:

1. The U.S. market is saturated, any company can adopt a Bitcoin strategy easily .

2. In regional markets, barriers to direct Bitcoin access often push investors to seek alternative routes. The tougher the barrier, the stronger the demand.

Metaplanet as the Japan Bitcoin Strategy, where high taxes make direct Bitcoin exposure costly driving demand for proxy trades to get around it.

Same logic applies to https://t.co/qC5vHVmG76.Mainland investors face even bigger hurdles than just taxation.

1. Interest and capital waiting to deploy in Bitcoin is massive. Second-richest country after the U.S.But institutions have 0 Bitcoin exposure

2. Spot Bitcoin trading is impossible, There’s no way regulators will allow crypto trading it runs counter to one of the pillars of its’ economic system: strict capital controls

3. Accessing Bitcoin ETFs is super tough, it comes with high fee and requires QFII/RQFII quotas approved by the CSRC approvals that are rarely granted for Bitcoin.

4.Copying the same strategy in Hong Kong isn’t easy it takes long time. You need to go through a lengthy approval process for dilution and meet strict capital allocation thresholds for Bitcoin. That gives early movers a clear first-mover advantage.

In the past, they allocated to public crypto and mining companies as proxy trades , but those were too abstract and offered no direct exposure to Bitcoin holdings. A Bitcoin strategy delivers clear KPIs like BTC per share, making it the ideal proxy.

1723 began the process last year, and it’s nearing completion with the same team behind Metaplanet. The flywheel hasn’t started spinning yet, but the foundation is nearly set. Time rewards the early and the patient.