Metaplanet, the Tokyo -noted Bedrijfsbitcoin Treasury Firm, accelerates its expansion strategy after completing an international capital increase of $ 1.4 billion.
The company announced On September 17, it had established an American subsidiary, Metaplanet Income Corp., to build new income flows that go beyond its core of the Treasury Holdings.
According to the company, the new unit will offer a platform for derivatives and related income -generating activities, with revenues aimed at supporting upcoming initiatives. It also emphasized that the relocation was designed to improve the board and the risk and ensure that Bitcoin activities provide a consistent cash flow.
The Chief Executive of Metaplanet, Simon Gerovich, emphasized the importance of this hinge and noted that the income unit has become an important engine of financial stability.
He said:
“This company has become our engine of growth and generates consistent income and net income. We are cash flow -positive and produce a considerable internal cash flow to support future initiatives.”
Bitcoin Japan
In addition to his American expansion, Metaplanet has launched A new subsidiary in Tokyo under the name Bitcoin Japan Inc. and secure the Bitcoin.jp domain.
The domain, taken from a private investor who has been holding it for more than ten years, will form the basis for several initiatives, including Bitcoin Magazine Japan, the Bitcoin Japanese conference and future product launches.
The company said that Bitcoin’s income flows will yield stable income to strengthen its treasury activities and to finance new companies. Although the domain will be booked as an intangible fixed assets, it will be written off in accordance with the accounting standards.
Gerovich described the acquisition as a milestone for the positioning of the company in the Crypto landscape of Japan. He noted:
“As the leading Bitcoin Treasury Company of Japan, we are proud to be only the second owner of this iconic domain, to unite media, events and services under one platform while working with partners to accelerate the Bitcoin adoption nationwide.”
Bitcoin Acquisition Dreams
The establishment of these new subsidiaries follows the completion of the record -breaking capital increase of the company of $ 1.4 billion from foreign investors.
Gerovich said The fundraising of the company attracted “a world -class base of leading global institutional investors, including some of the largest complexes of investment funds, sovereign asset funds and hedge funds.”
According to him:
“Nearly 100 investors arrived at our roadshow, many hear the metaplanet story for the first time. More than 70 finally invested, creating a really worldwide and long -term shareholder base. This positions us to deepen relationships with leading institutions worldwide and build permanent support.”
Metaplanet plans to focus part of the funds on extra Bitcoin purchases. With 20.136 BTC already on the balance, the company is the sixth largest company holder of the active.
However, the long -term ambition is to become the second largest company holder of Bitcoin, behind strategy (formerly micro strategy). To achieve this goal, the company established in Japan must acquire at least 33,000 more BTC, enough to surpass Bitcoin Miner Marathon Digital, which currently has 52,477 BTC.
