Metaplanet Soars as Japanese Investors Turn to Bitcoin Through NISA Accounts

In a significant development, Simon Gerovich, CEO of the publicly listed Japanese firm Metaplanet, revealed via a Medium post that Metaplanet topped the purchase charts in the NISA accounts of SBI Securities, Japan’s largest online brokerage, last week. This surge highlights a growing trend among Japanese investors utilizing the **NISA** scheme— a tax-exempt investment initiative— to gain exposure to **Bitcoin**. By leveraging this mechanism, investors are strategically avoiding **capital gains tax**, making Bitcoin not only a desirable asset but effectively a **proxy** for investing in cryptocurrencies without the associated tax burdens. The rise in popularity of Bitcoin, paired with the zero tax implications of the NISA, exemplifies how fiscal policies can shape investment behaviors, particularly in a market as dynamic as that of cryptocurrencies.