Metaplanet has completed the PFIC assessment and is expected to not constitute a PFIC by 2025

Simon Gerovich, CEO of Japanese listed company Metaplanet, announced in an article on X platform that Metaplanet has completed a PFIC (Passive Foreign Investment Corporation) related assessment with top legal and tax advisors in the United States. Based on the current structure and operational situation of the company, Metaplanet does not expect to be recognized as a PFIC in 2025, and it is unlikely to constitute a PFIC in the future while maintaining its existing structure and business model. This conclusion only applies to Metaplanet, and the specific situation needs to be combined with the company's actual operations and asset structure. PFIC refers to a 'passive foreign investment company' that primarily affects the tax treatment of overseas company stocks held by US taxpayers.