At first I wasn't paying much attention to Metaplanet. Just seemed like another run of the mill Bitcoin treasury play. Why not just buy MSTR?

Here's the thing: in Japan, Bitcoin is taxed as "miscellaneous income" and subject to a progressive income tax rate up to 55%! 😵‍💫

However, Metaplanet can be used to get exposure to Bitcoin and even placed within tax-free investment vehicles. It's a no-brainer why it would be so popular.