Metaplanet (3350), the largest Bitcoin (BTC) Treasury Company in Japan, said it established two subsidiaries – one in Japan and one in the United States – and bought Bitcoin.jp domain name as it strengthens its commitment to the biggest cryptocurrency.
Bitcoin Japan Inc., will be based in Tokyo and manage a package of Bitcoin-bound media, conferences and online platforms, including the Internet domain and Bitcoin Magazine Japan.
The US device, Metaplanet Income Corp., will be based in Miami and focus on generating income from Bitcoin-related financial products, including derivatives, the company said in a post on X.
Metaplanet noted that it launched a Bitcoin income generation in the last quarter of 2024 and aims to further scale these operations through the new subsidiary. Both of the wholly owned subsidiaries are partly led by the metaplanet CEO Simon Gerovich.
Earlier this month, the company brought its Bitcoin stocks to over 20,000 BTC. It is currently the world’s sixth largest Bitcoin Treasury Company with 20,136 BTC in its balance, according to Bitcointreasuries data. The leading company, Strategy (MSTR), has 638,985 BTC.
The subsidiaries are created shortly after the company announced plans to raise a net 204.1 billion yen ($ 1.4 billion) in an international sales sale to strengthen its BTC stocks.
The Metaplanet -the stock fell 1.16% Wednesday.
