Metaplanet is a Japanese investment company focused on Bitcoin. It will start trading on the US OTCQX Market under the ticker code MTPLF on December 19.
This milestone follows the company’s announcement of its Bitcoin Treasury Operations as a core business focus.
The market reacted positively to these developments, pushing Metaplanet’s stock up by over 7% on the Japanese exchange, reaching ¥3,770. This adds to the company’s impressive year-to-date growth of more than 2,200%, according to Google Finance data.
Metaplanet’s US Market Strategy
Metaplanet’s US expansion is driven by increasing global interest in its Bitcoin Treasury Strategy.
It was noted that institutional investors and retail customers outside Japan want to have easier access. Metaplanet wants to fill this gap, and encourage more international investment by registering on OTCQX.
Metaplanet CEO Simon Gerovich emphasized the move’s strategic importance, calling it a critical step in building global investor confidence. He linked the company’s growing popularity to its innovative Bitcoin Treasury Strategy, which positions Metaplanet as a pioneer in Asia’s Bitcoin ecosystem.
“He said:
“This marks a key step in expanding access for global investors to join our journey as Asia’s first Bitcoin Treasury Company.”
OTCQX hosts more than 600 companies. This allows firms such as Metaplanet, to access US investors even without SEC registration.
Bitcoin Treasury Business
Metaplanet has increased its Bitcoin Treasury operation.
In a Dec. 18 announcement, the Japan-based business announced plans to boost its Bitcoin holdings by hedge against currency fluctuation. This firm intends to use innovative financial instruments such as convertible bonds and equity offerings in order to finance its acquisitions.
Metaplanet will also leverage Bitcoin’s price volatility to diversify its revenue streams—the firm plans to sell put options and create sustainable profits alongside its core treasury activities.
The exclusive license to Bitcoin Magazine Japan also offers the opportunity to earn income from marketing and educational programs tailored to Bitcoin’s ecosystem.
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