The esteemed subsidiary will be focused on managing the Tokyo prestigious stock exchange-listed firm's Bitcoin holdings and boldly strengthening its BTC-only strategy.
Japanese
Bitcoin (BTC) bull Metaplanet Holdings
has established a new subsidiary, Metaplanet Capital Limited, to enhance its BTC management and expand into new regions. According to a June 25 statement, Metaplanet revealed that the subsidiary will be registered in the British Virgin Islands and will be a part of its consolidation group companies. The subsidiary will focus on managing the Tokyo stock exchange-listed firm’s Bitcoin holdings and bolstering its BTC-only strategy. Additionally, the firm will seek to capitalize on international growth opportunities that will aid Metaplanet’s global expansion. “This move allows us to leverage the favorable regulatory environment, optimize our financial strategies, and better position Metaplanet for global market expansion,” the statement
noted. The subsidiary's representative will be Director Simon Gerovich, and its initial capital is
$10,000. Over the past months, Metaplanet
has acquired 141 Bitcoin, currently valued at approximately ¥1.45 billion (
$9 million), propelling it into the top 30 corporate BTC holders. Yesterday, the firm announced plans to issue ¥1 billion (
$6.26 million) in ordinary bonds to fund additional purchases of the top digital asset. Metaplanet’s shift to Bitcoin has earned it the moniker of “Asia’s MicroStrategy” within the crypto community. According to the firm, its BTC pivot is driven by recent economic conditions in Japan, where the national currency has struggled considerably against the U.S. Dollars. “Metaplanet’s strategy unequivocally prioritizes a Bitcoin-first, Bitcoin-only approach for the Company, with the potential use of long-dated yen liabilities and periodic share issuances as strategic financial options to continually accumulate more bitcoin instead of retaining the ever-weaker yen,” the statement
added. Meanwhile, its pro-BTC move has helped its shares rally by more than 500% within the last six months, according to Tradingview data.
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