Metaplanet Expands to US Market with Bitcoin Focus

he Japanese investment company that specializes in Bitcoin, is to start trading on the US OTCQX Market under the symbol MTPLF, on December 19. The news came after the company changed gears to focus on Bitcoin Treasury Operations, thus seeing its stock on the Japanese exchange rise by 7% to 3,770 Y

Strategic Expansion Goals

The expansion in the United States is as a result of increased interest in its Bitcoin Treasury Strategy across the world. In listing the company on OTCQX which currently has more than600 members, Metaplanet is likely to open up the company to investment by investors from other countries without the need to register with the SEC.

Leadership Vision

The US expansion is described as a major focal goal by Metaplanet CEO Simon Gerovich, who notes that Metaplanet is Asia’s first Bitcoin Treasury Company. The move has an important significance in ensuring a favorable perception from global investors and growth of the firm’s’ overseas reach.

Bitcoin Treasury Strategy

Metaplanet wants to build its Bitcoin reserves while undertaking hedging against the Japanese currency that has depreciated. The funding for acquisition has been planned through equity offerings and convertible bonds; however, BTC will also earn its operating revenue through Bitcoin Magazine Japan and relevant educational services.

Market Entry Details

Entering the US market, Metaplanet has reached an important stage in its development concept based on the Bitcoin orientation of the company that attracts investors from all over the world.