17 hours ago
Metaplanet (3350), the largest bitcoin (BTC) treasury institution successful Japan, said it established 2 subsidiaries — 1 successful Japan and 1 successful the U.S. — and bought the bitcoin.jp domain sanction arsenic it strengthens its committedness to the largest cryptocurrency.
Bitcoin Japan Inc., volition be based successful Tokyo and negociate a suite of bitcoin-linked media, conferences and online platforms, including the net domain and Bitcoin Magazine Japan.
The U.S. unit, Metaplanet Income Corp., volition beryllium based successful Miami and absorption connected generating income from bitcoin-related fiscal products, including derivatives, the institution said successful a station connected X.
Metaplanet noted it launched a bitcoin income procreation concern successful the past 4th of 2024 and aims to further standard these operations done the caller subsidiary. Both the wholly owned subsidiaries are led successful portion by Metaplanet CEO Simon Gerovich.
Earlier this month, the steadfast brought its bitcoin holdings to implicit 20,000 BTC. It’s presently the world’s sixth-largest bitcoin treasury company, with 20,136 BTC successful its equilibrium sheet, according to BitcoinTreasuries data. The starring firm, Strategy (MSTR), has 638,985 BTC.
The subsidiaries are being established soon aft the institution announced plans to rise a net 204.1 cardinal yen ($1.4 billion) successful an planetary stock merchantability to bolster its BTC holdings.
Metaplanet banal dropped 1.16% connected Wednesday.
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