Key Takeaways
- Metaplanet approved a $5 billion capital addition to its US subsidiary.
- The company now holds 11,111 BTC, making it the eighth-largest corporate bitcoin holder.
- Metaplanet's expansion aims to establish a globally integrated bitcoin treasury model.
Japan-based Metaplanet has announced board approval for a $5 billion capital contribution to its wholly-owned US subsidiary, marking a major step in its global bitcoin treasury strategy.
This move follows the company’s recent establishment of a US unit in Miami, Florida, aimed at driving international growth.
In a statement, Metaplanet emphasized its commitment to bitcoin, stating:
“While Metaplanet continues to pioneer corporate Bitcoin adoption in Japan, this U.S. expansion underscores our determination to establish a globally integrated treasury model.”
The $5 billion contribution is expected to come from exercising stock acquisition rights, according to the company.
Metaplanet began its bitcoin accumulation strategy in April 2024, aiming to increase shareholder value over the long term.
Bitcoin holdings and market position
Metaplanet recently added 1,111 BTC to its treasury, bringing total holdings to 11,111 BTC.
This places it as the eighth-largest corporate holder of bitcoin, just behind Tesla by 398 BTC. Current and historical data on Metaplanet’s bitcoin reserves can be found here.
Current year
The company noted that the financial impact of the capital injection on the current fiscal year is expected to be limited, with further updates to be disclosed as necessary.
On the market side, Metaplanet’s US OTC stock (MTPLF) closed down 5.9% on Monday to $11.64, while its Tokyo-listed shares dropped 6.36% during Tuesday afternoon trading.
