- Metaplanet has launched new subsidiaries, Ventures and Asset Management, to invest in Japan‘s Bitcoin infrastructure.
- The firm plans to deploy $25 million over two to three years, starting with a planned $2.6 million investment in yen stablecoin issuer JPYC Inc.
- This strategic pivot follows a significant $605 million annual loss, largely from a $664 million decline in its Bitcoin holdings’ value last quarter.
Tokyo-listed Metaplanet announced a major strategic expansion on Thursday, moving beyond merely hoarding Bitcoin to actively funding the ecosystem that supports it in Japan. The company’s board has approved the creation of two wholly owned subsidiaries: Metaplanet Ventures and Metaplanet Asset Management.
Consequently, the firm plans to invest roughly $25 million over the next two to three years into Japan’s Bitcoin financial infrastructure. “Japan has built the best regulatory framework in the world for digital assets”, CEO Simon Gerovich wrote on X.
The venture arm’s first investment targets JPYC Inc., Japan’s first licensed yen stablecoin issuer. According to a company filing, it has signed a letter of intent to invest up to $2.6 million in JPYC’s Series B round.
Meanwhile, this expansion follows severe financial strain from Bitcoin’s volatility. Metaplanet reported a full-year loss of $605 million, driven by a $664 million decline in its Bitcoin holdings’ value last quarter alone.
The firm currently holds 35,102 BTC, which is worth approximately $2.4 billion at current prices. Its stock fell 3.25% on Thursday, extending a six-month decline of over 62%, according to Google Finance data.
Analyst Musheer Ahmed told Decrypt the move could help diversify revenue streams. He noted the company’s “scale and positioning” could give it an advantage in understanding the Asian market over U.S.-based firms.
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