Executive Summary
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Japan’s Metaplanet, a hospitality and real estate firm that has pivoted to a Bitcoin treasury strategy, has launched two new subsidiaries to significantly expand its crypto operations. The company announced the establishment of Metaplanet Income Corp. in Miami, U.S., with an initial capital of $15 million to focus on Bitcoin income generation, alongside Bitcoin Japan Inc. in Tokyo to strengthen its domestic Bitcoin-related media and community engagement.
New US Subsidiary Focuses on Bitcoin Income
Metaplanet Income Corp., a wholly owned US subsidiary based in Miami, will primarily focus on Bitcoin income generation and derivatives trading. This move is designed to create a clear structural separation between Metaplanet’s core BTC holdings and its revenue-generating operations.
The new entity will be managed by Metaplanet CEO Simon Gerovich, alongside Dylan LeClair and Darren Winia. The company anticipates that the subsidiary’s operations will have a minimal impact on its consolidated financial results for the fiscal year ending December 31.
Expanding Domestic Presence with Bitcoin Japan Inc.
In parallel, Metaplanet unveiled Bitcoin Japan Inc., based in Tokyo’s Roppongi Hills, to bolster its domestic Bitcoin-related activities. This new entity will oversee media, events, and the management of Bitcoin.jp, a recently acquired domain.
Bitcoin Japan Inc. will also manage Bitcoin Magazine Japan and the Bitcoin Japan Conference, aiming to broaden Metaplanet’s reach in the domestic crypto media landscape and community engagement. Directors Gerovich and Yoshihisa Ikurumi will lead this initiative.
Broader Bitcoin Strategy and Holdings
These twin announcements are part of the company’s broader Bitcoin income business, which was initially launched in the fourth quarter of 2024. The news follows Metaplanet’s earlier plans to raise 204.1 billion yen ($1.4 billion) through an international share offering to further expand its Bitcoin holdings.
With over 20,136 BTC currently on its balance sheet, Metaplanet ranks as the sixth-largest corporate Bitcoin treasury holder globally. The company trails only major players such as MicroStrategy in its substantial digital asset reserves.