Dylan Leclair joins "Microstrategy in Asia" As Director of Bitcoin Strategy

Metaplanet, a decades-old Japanese listed company providing hospitality and technology-related services, recently announced a major strategic shift to embrace Bitcoin as a core corporate treasury asset.

Last month, Metaplanet said it had acquired $6 million worth of Bitcoin, marking the company’s foray into digital assets. This reflects MicroStrategy’s pioneering move to allocate a portion of its reserves to Bitcoin starting in 2020.

Following this news, Metaplanet recently hired a leading analyst in the industry. Dylan Leclair He serves as Director of Bitcoin Strategy to accelerate the new Bitcoin focus. LeClair is the Head of Market Research at Bitcoin Magazine and UTXO Management and is respected for his expertise in on-chain analysis and macroeconomics.

At Metaplanet, LeClair will build an enterprise Bitcoin strategy that uses open market tools to accumulate BTC for its balance sheet. This is consistent with Metaplanet’s vision to enhance Bitcoin’s role on the balance sheet.

“We are very excited to join Metaplenat to implement the enterprise Bitcoin standard,” said LeClair. “We aim to further establish a blueprint for enterprise Bitcoin adoption in Japan and beyond by leveraging a variety of corporate finance strategies.” “I’m doing it,” he said.

He added, “Metaplanet seeks to highlight the strategic benefits of Bitcoin adoption, especially in regions where political currencies face structural weaknesses.”

Metaplanet is positioning itself as “Asia’s MicroStrategy,” mimicking the software company’s approach to bolstering its balance sheet with Bitcoin.

MicroStrategy has over $10 billion in BTC reserves, a strategy that has significantly increased its valuation.

Jason Fang of Sora Ventures called Metaplanet “Asia’s first MicroStrategy.” The move also allows Japanese investors to gain Bitcoin exposure without having to pay capital gains tax, which can reach 55% in the country.

Metaplanet provides an avenue for public market investors and institutions to invest in Bitcoin. This is an important development as enterprise Bitcoin adoption becomes mainstream.

If Metaplanet follows MicroStrategy’s playbook and significantly increases its BTC reserves over time, it could provide meaningful upside for investors and validation for Bitcoin.