- Metaplanet forms two new subsidiaries in Japan and the U.S. to boost its Bitcoin business.
- The Japanese subsidiary, Bitcoin Japan Inc., focuses on media, conferences, and online bitcoin platforms.
- The U.S. arm, Metaplanet Income Corp., centers on bitcoin-related financial products and income generation.
- Metaplanet currently holds over 20,000 Bitcoin, ranking as the world’s sixth-largest bitcoin treasury holder.
- The company recently announced a $1.4 billion international share sale to expand its Bitcoin holdings.
Metaplanet, Japan’s largest bitcoin treasury firm, has established two new subsidiaries—one based in Tokyo and another in Miami—to further its commitment to bitcoin and related business ventures.
The Tokyo unit, Bitcoin Japan Inc., will operate a range of bitcoin-focused media platforms, organize industry conferences, and oversee the recently acquired bitcoin.jp domain name, as well as Bitcoin Magazine Japan. The U.S. unit, Metaplanet Income Corp., will be headquartered in Miami and will focus on generating income through bitcoin-related financial products, such as derivatives, according to the company’s official statement on X.
Metaplanet said it launched a bitcoin income generation business late in 2024 and plans to scale these operations using its new U.S. subsidiary. Both new companies are led in part by CEO Simon Gerovich.
Earlier in June, Metaplanet increased its bitcoin holdings to 20,136 BTC, making it the world’s sixth-largest bitcoin treasury, based on BitcoinTreasuries data. In comparison, the global leader MicroStrategy holds 638,985 BTC.
The announcement of these subsidiaries comes shortly after Metaplanet unveiled its plans to raise $1.4 billion in a share sale aimed at expanding its bitcoin reserves.
On the day of the announcement, Metaplanet shares declined by 1.16%.
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