BlockBeats News, May 25th: Simon Gerovich, CEO of the publicly traded Japanese company Metaplanet, announced in a Medium post that Metaplanet became the most-purchased stock in the NISA accounts of Japan's largest online broker SBI Securities last week.
Japanese investors are using NISA, a tax-exempt investment mechanism, to indirectly invest in Bitcoin while avoiding capital gains tax. Bitcoin, zero tax liability, and leverage have become the ultimate Bitcoin proxy choice for Japanese investors.
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