Analysts: Japan's classification of Bitcoin as a financial product may be detrimental to Metaplanet.

According to Odaily Odaily, regarding Japan's decision to classify Bitcoin as a financial product this year, crypto analyst Willy Woo commented on the X platform that this policy is beneficial for ordinary people, as it will incentivize more Japanese to buy Bitcoin. This is because, with Bitcoin classified as a financial product, the tax rate on Bitcoin gains or transactions in Japan will be 20%, instead of the marginal income tax rate (which can reach 43-55% for annual incomes exceeding $57,000). However, this policy may be detrimental to Bitcoin treasury companies like Metaplanet, as their self-custodied Bitcoin holdings will lose their tax arbitrage advantage.