Row 55690

Row ID: 55690 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 55690 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

No ETFs available, including US ones.

MSTR is available. It can be purchased in a NISA tax-free personal investment account, but there's a limit of ~$10,000 a year in purchases. Any gains in a regular taxed account incur a ~20% capital gains tax based on the sale price. IMO, it's probably the best option from a tax perspective (but it's not self custody).

Metaplanet can also be bought for a NISA, but imo it's not a bitcoin play, it's a penny stock pump and dump. They hold ~120 bitcoin, but have a market cap (as of the OP) of ~USD $100 million. Sure, they have some real estate too, but that was priced in before the jump. So you're paying a ~10x premium for the bitcoin. You'd be better to self custody, if you just want bitcoin exposure.

Self custody as an individual is taxed as miscellaneous income when you sell, with a maximum tax rate of ~55%. There's been talk about changing it, so if you hold long enough maybe it'll drop to match the 20% capital gains tax? But it's a gamble.

Self custody as a *company* requires you to pay ~30% company tax each year on *unrealized gains*, basically requiring you to sell part of your stack each year to pay the tax bill. The more bitcoin goes up, the more you have to sell.

The rules changed a month ago and I'm still not 100% clear on the change, but it seems like as a company, if you ask an institution to custody your coins, and also have them "lock" your account so that you're unable to sell for a year, and also ask them to publish this fact to one of the national regulators, then you can avoid the tax on unrealized gains – my assumption is that this is what made Metaplanet even in the realm of possibility.

In reality though, there no good options... but most of them are still better than holding yen in a savings account.

FieldValue
text No ETFs available, including US ones. MSTR is available. It can be purchased in a NISA tax-free personal investment account, but there's a limit of ~$10,000 a year in purchases. Any gains in a regular taxed account incur a ~20% capital gains tax based on the sale price. IMO, it's probably the best option from a tax perspective (but it's not self custody). Metaplanet can also be bought for a NISA, but imo it's not a bitcoin play, it's a penny stock pump and dump. They hold ~120 bitcoin, but hav…
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-23
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url_encoded Z0FBQUFBQm5Lak9sTHlZMmtuU3JOUHB2MjBDaGpBekx5emlkZGlFdmNiLU1GRW5iTzVtdjItQmtIeWQ1cExZTU0waDVYRGVRZ3drWHFmVFl5b2sza2lMOW01QnhWT0tBcTk0RlpYOFpHZ3Y4MWJlRUx2VVRQa0xVMXU4TDIyMUFMS25aVXkyWGViaC0yOUlqanZ1Rks2c1lnSF9ENUhDQXFoSHNyN3ZxZ19mQVZ5clIzbVdZU2FaUTltb1dwdVhtd3I1ZmxMSWJQVl9RR0VMaTBXYVN3Ykh4ZF9UWE9keTdKQT09

Raw Record

{
  "text": "No ETFs available, including US ones.\n\nMSTR is available. It can be purchased in a NISA tax-free personal investment account, but there's a limit of ~$10,000 a year in purchases. Any gains in a regular taxed account incur a ~20% capital gains tax based on the sale price. IMO, it's probably the best option from a tax perspective (but it's not self custody).\n\nMetaplanet can also be bought for a NISA, but imo it's not a bitcoin play, it's a penny stock pump and dump. They hold ~120 bitcoin, but have a market cap (as of the OP) of ~USD $100 million. Sure, they have some real estate too, but that was priced in before the jump. So you're paying a ~10x premium for the bitcoin. You'd be better to self custody, if you just want bitcoin exposure.\n\nSelf custody as an individual is taxed as miscellaneous income when you sell, with a maximum tax rate of ~55%. There's been talk about changing it, so if you hold long enough maybe it'll drop to match the 20% capital gains tax? But it's a gamble.\n\nSelf custody as a *company* requires you to pay ~30% company tax each year on *unrealized gains*, basically requiring you to sell part of your stack each year to pay the tax bill. The more bitcoin goes up, the more you have to sell.\n\nThe rules changed a month ago and I'm still not 100% clear on the change, but it seems like as a company, if you ask an institution to custody your coins, and also have them \"lock\" your account so that you're unable to sell for a year, and also ask them to publish this fact to one of the national regulators, then you can avoid the tax on unrealized gains – my assumption is that this is what made Metaplanet even in the realm of possibility.\n\nIn reality though, there no good options... but most of them are still better than holding yen in a savings account.",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-23",
  "username_encoded": "Z0FBQUFBQm5Lak1XY2pVejlueUFlUzdBRUFXc2I5aDRtRzBwb18wbkt2c2V6U3VEaElncXNXMGdOTFFBeFNTR3ZrQU4wREFzNHVkdFcwMjVIa1ZkZUF0OHNRWExTaVV5N2c9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9sTHlZMmtuU3JOUHB2MjBDaGpBekx5emlkZGlFdmNiLU1GRW5iTzVtdjItQmtIeWQ1cExZTU0waDVYRGVRZ3drWHFmVFl5b2sza2lMOW01QnhWT0tBcTk0RlpYOFpHZ3Y4MWJlRUx2VVRQa0xVMXU4TDIyMUFMS25aVXkyWGViaC0yOUlqanZ1Rks2c1lnSF9ENUhDQXFoSHNyN3ZxZ19mQVZ5clIzbVdZU2FaUTltb1dwdVhtd3I1ZmxMSWJQVl9RR0VMaTBXYVN3Ykh4ZF9UWE9keTdKQT09"
}
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