Metaplanet, a Japanese hospitality and real estate group, has become a Bitcoin Treederie Company, but is bolstering its crypto strategy with the launch of two new subsidiaries and the launch of one new subsidiary in the US and one new subsidiary.
In X’s Wednesday post, the Tokyo-based company announced the creation of Metaplanet Income Corporation, a wholly owned US subsidiary based in Miami, according to its disclosure.
The unit will focus on Bitcoin (BTC) revenue generation and derivative trading, creating a structural separation between Metaplanet’s core BTC holdings and revenue generating operations.
The subsidiary will be managed in part with Metaplanet CEO Simon Gerovich and Darren Winier. The company also said the move is expected to have minimal impact on the consolidated financial results for the fiscal year ending December 31.
Related: Facing a plunge in stock, Metaplanet announces 385m stock offer to buy BTC
Metaplanet launches a new subsidiary in Japan
Back at home, Metaplanet announced Bitcoin Japan Inc. to strengthen its domestic Bitcoin-related business. Based in Loppongi Hill, Tokyo, the entity oversees the media, events and management of bitcoin.jp, a recently acquired domain.
The new Tokyo company will also manage Bitcoin Magazine Japan and Bitcoin Japan Conference, expanding Metaplanet’s reach in domestic crypto media and community engagement. Directors Jerovic and Yoshihisa Ikulmi will lead the initiative.
The Twin announcement will be provided as part of the company’s Bitcoin revenue business, which began in the fourth quarter of 2024. The news comes shortly after it revealed plans to raise 204.1 billion yen ($1.4 billion) through international stocks to expand its BTC holdings.
Related: Metaplanet’s Bitcoin Strategy Faces Funding Crunch as a Stock Sink: Report
Metaplanet will become the sixth largest Bitcoin holder
According to Bitcointreasuries.net, Metaplanet has 20,136 BTCs on its balance sheet, ranking globally as the sixth largest Bitcoin finance owner, tracking only giants like MicroStrategy.
The top three Bitcoin financing owners are all US-based companies, led by Strategy, with a massive 638,985 BTC worth over $74 billion. It then follows that Mara Holdings, whose XXI has third place, has 43,514 BTC worth $5.07 billion.
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