Dylan LeClair on Metaplanet's Bitcoin Bet: How Corporate Treasuries are Transforming Global Finance

Show Notes

In this episode, Natalie Brunell chats with Dylan LeClair, Director of Bitcoin Strategy at Metaplanet. What you’ll learn: - Why Metaplanet transitioned away from hotels to a Bitcoin-first strategy - Tax advantages for Bitcoin equities based in Japan - Why Metaplanet has been issuing strike warrants - Metaplanet's 555 Million Plan - How Michael Saylor is "fixing" the capital markets - What are Strategy's $STRF, $STRK, and $STRD instruments? - Why Dylan is bullish on $SMLR and other corporate Bitcoin treasuries Coin Stories is powered by *Bitwise*. Bitwise has over $10B in client assets, 32 investment products, and a team of 100+ employees across the U.S. and Europe, all solely focused on Bitcoin and digital assets since 2017. Learn more at https://www.bitwiseinvestments.com Coin Stories is also powered by *Bitdeer*. Bitdeer Technologies Group (NASDAQ: BTDR) is a publicly-traded leader in Bitcoin mining and high-performance computing. Learn more at https://www.bitdeer.com *NATALIE BRUNELL'S RECOMMENDED BITCOIN PRODUCTS, SERVICES, & EVENTS* 🔐 *Multisig & Inheritance Planning* - Secure your Bitcoin with Casa: https://www.casa.io/natalie (Get a discounted plan!) 🔒 *Bitkey Cold Storage* - Bitkey was named to TIME's prestigious Best Inventions of 2024 in the category of Privacy & Security. Get 20% off using code STORIES at https://bitkey.world ⚡ *Lightning Payments* - Use Speed Lightning Wallet & get 5,000 free sats! Sign up with promo code COINSTORIES10: https://www.speed.app/sweepstakes-promocode/ 💰 *Buy Bitcoin & Earn Interest* – Use River and get 3.8% interest on your cash balance: https://partner.river.com/natalie 👩‍🏫 *1-on-1 Bitcoin Help* – Self-custody, privacy, and VPN support with The Bitcoin Way: https://www.thebitcoinway.com/natalie 🔒 *Bitcoin Cold Storage Security* – Save 5% on ColdCard Wallet: https://store.coinkite.com/promo/COINSTORIES 💳 *Bitcoin Rewards Credit Card* - Earn Bitcoin on every purchase with the Gemini credit card: https://www.gemini.com/natalie 🎟️ *Bitcoin 2026* – Early Bird Tickets Go On Sale WEDNESDAY 5/28 -- Use code HODL for discounted passes! b.tc/conference 📲 *SIM Swap Protection* – Secure your mobile phone from hacks that could steal your Bitcoin with Efani, trusted by CEOs, VIPs and top corporations: https://www.efani.com/natalie 🏥 *Ditch Fiat Health Insurance* – Join CrowdHealth: https://joincrowdhealth.com/natalie (or use promo code NATALIE) 🏕️ *Bitcoin Retreat – Camp Nakamoto* – Discounted passes with code HODL: https://massadoptionbtc.ticketspice.com/camp-nakamoto *IN THIS COIN STORIES EPISODE* 00:00 What it's like working for Metaplanet 1:50 Metaplanet's Bitcoin-only strategy 3:14 Advantage of being based in Japan 5:28 Bitwise 5:58 Bitdeer Technologies Group 6:21 What is a strike warrant? 8:10 Early days of growing Bitcoin holdings 10:38 Metaplanet's "555 Million Plan" 13:33 The next Bitcoin bear market 15:43 Metaplanet headquarters in Miami 16:39 What if laws in Japan change? 17:45 Metaplanet's strategy 20:09 Corporate Bitcoin treasuries 23:12 Casa Business 23:42 Bitkey 24:02 The Bitcoin Way 24:24 Coinkite 24:39 Speed.app 24:55 Strategy's latest products 29:10 Differences between Strategy's Stride, Strike and Strife products 32:34 Is the market missing something? 33:46 Capital mis-priced 36:02 Bitcoin in the fixed income market 37:02 Leveraging Bitcoin 40:32 Apple, Amazon, Facebook and Bitcoin 41:47 Semler Scientific 43:49 Bitcoin corporate treasuries and core businesses 46:12 Bitcoin space in 10 years, Bitcoin price 47:40 Macroeconomic picture *OTHER RESOURCES* Natalie Brunell’s website https://www.talkingbitcoin.com/ Metaplanet https://metaplanet.jp/en *VALUE FOR VALUE — SUPPORT NATALIE BRUNELL’S SHOWS* Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories *FOLLOW NATALIE BRUNELL ON SOCIAL MEDIA* X https://x.com/natbrunell Instagram https://www.instagram.com/nataliebrunell Linkedin https://www.linkedin.com/in/nataliebrunell Producer: Aron Bender https://www.linkedin.com/in/aron-bender/ Editor: Silas Foley DISCLAIMER Coin Stories is for entertainment purposes only and does not give financial advice. #bitcoin #crypto #bitcoinpodcast