Metaplanet, a Tokyo-listed corporate Bitcoin treasury firm, is making significant strides in its expansion strategy following a successful $1.4 billion international capital raise. The company recently announced the establishment of a US subsidiary, Metaplanet Income Corp., aimed at diversifying revenue streams beyond its core treasury holdings.
The new unit is set to focus on derivatives and income-generating activities, with the proceeds intended to support upcoming initiatives. This strategic move is designed to enhance governance, risk oversight, and ensure consistent cash flow from Bitcoin operations. Metaplanet’s CEO, Simon Gerovich, emphasized the importance of this pivot, highlighting the income unit as a key driver of financial stability.
In a recent statement, Gerovich stated, “This business has become our engine of growth, generating consistent revenue and net income. We are cash flow positive, producing significant internal cash flow to support future initiatives.”
In addition to its US expansion, Metaplanet has also launched a new subsidiary in Tokyo called Bitcoin Japan Inc. The company acquired the domain Bitcoin.jp from a private investor who held it for over a decade. This domain will serve as the foundation for various initiatives, including Bitcoin Magazine Japan, the Bitcoin Japan Conference, and future product launches. Income streams from Bitcoin.jp will support Metaplanet’s treasury operations and fund new ventures.
Gerovich described the acquisition of Bitcoin.jp as a significant milestone, positioning the company as a leader in Japan’s crypto landscape. He added, “As Japan’s leading Bitcoin Treasury Company, we’re proud to be only the second owner of this iconic domain, unifying media, events, and services under one platform as we work with partners to accelerate Bitcoin adoption nationwide.”
These developments come on the heels of Metaplanet’s record-breaking $1.4 billion capital raise from foreign investors. Gerovich noted that the fundraising attracted interest from a diverse group of global institutional investors, positioning the company for long-term growth and support.
With plans to allocate a portion of the funds towards additional Bitcoin purchases, Metaplanet aims to increase its holdings and become the second-largest corporate holder of Bitcoin. To achieve this goal, the company must acquire at least 33,000 more BTC, surpassing current holder Marathon Digital.
As Metaplanet continues on its growth trajectory, it remains committed to expanding its presence in the cryptocurrency market and driving innovation in the space. This story is just the beginning of what promises to be an exciting journey for the Tokyo-based Bitcoin treasury firm.