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Metaplanet Sets Up U.S., Japan Subsidiaries, Buys Bitcoin.jp Domain Name
Yahoo Finance· 2025-09-17 09:49
Group 1 - Metaplanet, the largest bitcoin treasury company in Japan, has established two subsidiaries, one in Japan and one in the U.S., and acquired the bitcoin.jp domain name to enhance its commitment to bitcoin [1][2] - The Japanese subsidiary, Bitcoin Japan Inc., will manage bitcoin-related media, conferences, and online platforms, including Bitcoin Magazine Japan [1] - The U.S. subsidiary, Metaplanet Income Corp., will focus on generating income from bitcoin-related financial products, including derivatives, and aims to scale operations through this new entity [2] Group 2 - Metaplanet's bitcoin holdings have surpassed 20,000 BTC, making it the sixth-largest bitcoin treasury company globally, with a total of 20,136 BTC on its balance sheet [3] - The company plans to raise a net 204.1 billion yen (approximately $1.4 billion) through an international share sale to strengthen its bitcoin holdings [3] - Metaplanet's stock experienced a decline of 1.16% on Wednesday [4]