Metaplanet, the Japanese Hospitality and Real Estate Group became the Bitcoin Treasury Company, ramping up its crypto approach to the launch of two new subsidiaries, one in the US and one in Japan.
On a Wednesday Post In X, the firm based in Tokyo announced the establishment of Metaplanet Income Corp., a full US subsidiary-based Miami-based subsidiary with an initial capital of $ 15 million, According to In its disclosure.
The unit will focus on Bitcoin (Btc) Income and derivatives trading, which creates a structural separation between the BTC’s major handling of metaplanet and operations that generate income.
The subsidiary is governed by part of metaplanet CEO Simon Gerovich, along with Dylan Leclair and Darren Winia. The company also said the move is expected to have little impact on the combined financial results for the fiscal person ending on December 31.
Related: Faced with plunging stock, Metaplanet announces 385m sharing to buy BTC
Metaplanet launches a new subsidiary in Japan
Back home, Metaplanet also released Bitcoin Japan Inc. to strengthen the operations associated with bitcoin. The entity, based on Tokyo’s Roppongi Hills, will guard the media, events and management of Bitcoin.jp, a recently acquired domain.
Tokyo’s new entity will also manage the magazine of Bitcoin Japan and the Bitcoin Japan conference, which expands metaplanet reaching domestic crypto media and community relationships. Directors Gerovich and Yoshihisa Ikurumi will lead the initiative.
Twin announcements came as part of the company’s bitcoin income business, launched in the fourth quarter of 2024. The news also arrived shortly after announcing the company Plans to raise 204.1 billion yen ($ 1.4 billion) by an offer to the global shares to expand BTC handles.
Related: Metaplanet’s Bitcoin approach is faced with Crunch fundraising as stock sink: Report
Metaplanet becomes the sixth largest Bitcoin holder
With more than 20,136 BTCs today in its balance, the metaplanet is ranking as the sixth largest largest treasury of Bitcoin treasury in the world, walking only giants like microstrategy, According to in bitcointreasuries.net.
The top three public holders of the Treasury of Bitcoin are all US -based companies, led by the approach, holding a massive 638,985 BTC worth more than $ 74 billion. This was followed by Mara Holdings with 52,477 BTC worth nearly $ 6.1 billion, and the XXI in third place, holding 43,514 BTC worth $ 5.07 billion.
