Metaplanet Expands Bitcoin Strategy with New Subsidiaries in the U.S. and Japan

According to Cointelegraph, Metaplanet, a Japanese hospitality and real estate group turned Bitcoin treasury company, is intensifying its cryptocurrency strategy by launching two new subsidiaries in the United States and Japan. The Tokyo-based firm announced the establishment of Metaplanet Income Corp., a wholly owned U.S. subsidiary based in Miami, with an initial capital of $15 million. This new unit will focus on generating income from Bitcoin (BTC) and engaging in derivatives trading, thereby creating a structural separation between Metaplanet’s core BTC holdings and its revenue-generating operations. The subsidiary will be managed by Metaplanet CEO Simon Gerovich, along with Dylan LeClair and Darren Winia. The company anticipates that this move will have minimal impact on its consolidated financial results for the fiscal year ending December 31. In Japan, Metaplanet has launched Bitcoin Japan Inc. to bolster its domestic Bitcoin-related operations. Located in Tokyo’s Roppongi Hills, this entity will oversee media, events, and the management of Bitcoin.jp, a recently acquired domain. Additionally, the new Tokyo entity will manage Bitcoin Magazine Japan and the Bitcoin Japan Conference, thereby expanding Metaplanet’s influence in domestic crypto media and community engagement. Directors Simon Gerovich and Yoshihisa Ikurumi will lead this initiative. These announcements are part of the company’s broader Bitcoin income business strategy, which was initiated in the fourth quarter of 2024. This development follows Metaplanet’s recent plans to raise 204.1 billion yen ($1.4 billion) through an international share offering to expand its BTC holdings. Metaplanet has now become the sixth-largest Bitcoin treasury holder globally, with over 20,136 BTC on its balance sheet. This positions the company just behind major players like MicroStrategy, according to BitcoinTreasuries.NET. The top three public Bitcoin treasury holders are all U.S.-based firms, led by Strategy, which holds a substantial 638,985 BTC valued at over $74 billion. It is followed by Mara Holdings with 52,477 BTC worth approximately $6.1 billion, and XXI in third place, holding 43,514 BTC valued at $5.07 billion.