Metaplanet (3350)the largest bitcoin The Treasury company in Japan, said it established two subsidiaries – one in Japan and one in the US – and bought the name of the Bitcoin.jp domain because it strengthened its commitment to the largest cryptocurrency.
Bitcoin Japan Inc., Will Be based on Tokyo and manage a media suite associated with Bitcoin, conference and online platforms, including Internet domain and bitcoin magazine Japan.
The US unit, Metaplanet Income Corp., is based on Miami and is focused on generating revenue from Bitcoin -related products, including derivatives, The company said in a post in X.
Metaplanet noted that it launched a Bitcoin generation generation business in the final quarter of 2024 and aims to further measure these operations through the new subsidiary. Both the full ownership of the subsidiaries was led by the metaplanet CEO Simon Gerovich.
Earlier this month, the firm brought Bitcoin’s handling of more than 20,000 BTC. It is currently the sixth largest Treasury Company company in the world, with 20,136 BTC in its balance, according to Bitcointreasuries Data. The top firm, approach (Mstr)There are 638,985 BTC.
Subsidiaries were established shortly after the company announced plans to raise a NET 204.1 BILLION YEN ($ 1.4 billion) on a sale of global shares to strengthen BTC handling.
Metaplanet stock dropped 1.16% on Wednesday.
