বিটকয়েন: ডিজিটাল স্বর্ণ

The Silent Accumulation

আমি বিটকয়েন কিনলাম দ্রুতসম্পত্তির लागि नय। আমি इहाँ किनलाम कारण नগদ मৃড়াইছিল। 2013-এ, 我坐在京都酒店房间里，看着日元在90年代泡沫破裂后价值减半。我的生意崩溃——收入零，支出恒定。 আমি प्रश्न करिलাম: कোন্‍‍‍‍‍অসেট্‌টা্‍‍‍ডিলুট্‌হয়? উত্তর:একটি সীমিত্‌সরবত। 2100万コイン। কোনও中央銀行 نয়। कोनও政客它 Inflate It। এটা स्पेकुलेशन् नय—এটা sovereignty।

MNAV: The Metric They Ignore

Wall Street profit revenue and earnings. We measure it by BTC per share. Our BTC yield hit 190% this year—not because we traded, but because we accumulated 3,500 BTC from capital reallocated through equity issuance. MNAV—Market Net Value divided by BTC holdings—is our true north. Traditional analysts call it ‘unprofitable’. They’re measuring a car with a ruler made for horses. We’re measuring time itself.

Japan and the Taxed Pathway

Here, buying BTC directly means paying 55% in income tax. So you don’t buy Bitcoin—you buy Metaplanet stock instead. It’s not evasion—it’s architecture. The hotel we kept? Not for rooms—for tax loss carryforwards that offset future gains from our Bitcoin reserves. The ledger is silent—but accurate. Every address is public. Every coin is accounted for. No keys lost. No whispers left behind.—only data as art.