Metaplanet to Commence Stock Trading in the U.S. Today

Japanese investment firm Metaplanet has secured regulatory approval to list its shares on the United States stock market. The stock will commence trading today.

Metaplanet to Enter U.S. Markets

Metaplanet submitted a Form F-6 with the U.S. Securities and Exchange Commission (SEC) on December 12th to apply for ADRs.

The firm’s CEO, Simon Gerovich, stated that Metaplanet’s shares would trade in the U.S. stock market via ADRs. For context, American Depositary Receipts (ADRs) are certificates issued by a U.S. bank representing shares of a foreign company. It allows American investors to trade foreign stocks without leaving their stock exchange.

Deutsche Bank Trust Company Americas, the U.S. subsidiary of Deutsche Bank, will serve as the depository for the new initiative. The stock will be traded in the U.S. under the ticker – $MPJPY.

Gerovich explained that the move “reflects feedback from U.S. retail and institutional investors seeking easier access to our equity.”

In the long haul, this move could open the U.S. options market for Metaplanet to explore.

Following the announcement, Metaplanet’s common stock soared by over 6.6%, showing shareholders’ excitement about the new initiative.

Metaplanet’s BTC Journey

Since April 2024, Metaplanet has gradually risen to become a globally recognized firm. This is because of its steady bitcoin acquisitions, in the same fashion as the largest corporate Bitcoin treasury firm, Strategy (formerly MicroStrategy). This continuous accumulation of the apex cryptocurrency has earned the company the title – Japan’s MicroStrategy.

Following its last bitcoin purchase, Metaplanet’s stash rose to 30,823 BTC. This represents the fourth-largest Bitcoin portfolio among public companies and the highest in Japan. The top three holders in the order of hierarchy are Strategy, MARA Holdings, and Twenty One Capital.

Like Strategy, Metaplanet has secured millions-worth of loans to bolster its BTC holdings. This showcases its conviction about BTC being a unique store of value.

As Metaplanet enters the U.S. financial markets, more investors will be able to gain exposure to its stock as it continues to accumulate BTC. Additionally, the firm would generate more revenue from fees and other sources to stockpile more bitcoin.