- Metaplanet created Metaplanet Income Corp. in Miami and Bitcoin Japan Inc. in Tokyo to expand bitcoin operations.
- Shares traded lower in Tokyo on Sept. 17 after the filings and recent capital-raising moves.
Metaplanet Inc. moved to formalize two new operating arms on September 17, establishing a U.S. income-focused vehicle and a Japan-based media and services unit, as its shares eased in Tokyo trading.
Board approves Metaplanet Income Corp. in Miami with initial capital of USD 15 million
The board resolved to form Metaplanet Income Corp., a wholly owned subsidiary under U.S. holding company Metaplanet Holdings, Inc., to scale the group’s bitcoin income generation activities. The unit will be based in Miami and initially capitalized with USD 15 million.
Directors named include Simon Gerovich, Dylan LeClair and Darren Winia. The structure separates income-generation operations from treasury holdings with the stated aim of improving governance, transparency and risk management. The company said the move is not expected to materially affect consolidated results for the year ending December 31, 2025.
The decision follows the launch of the income business line in late 2024 and comes alongside an international equity raise whose proceeds are earmarked primarily for bitcoin purchases and the income program.
A September 10 filing set the issue price at JPY 553 per share for 385 million new shares, with estimated net proceeds of about JPY 204.1 billion.
Bitcoin Japan Inc. created to operate Bitcoin.jp, media and conference businesses
A parallel board resolution established Bitcoin Japan Inc., a wholly owned domestic subsidiary located at Roppongi Hills Mori Tower in Tokyo. The entity will manage bitcoin-related media and events, including the Bitcoin Magazine Japan franchise and the planned Bitcoin Japan Conference, and will operate the recently acquired Bitcoin.jp domain. Initial capital is JPY 10 million, and the filing noted no expected material impact on current-year consolidated earnings.
Company disclosures list the two September 17 announcements alongside a separate notice on the strategic acquisition of the Bitcoin.jp domain, consolidating brand and distribution for its Japan-facing initiatives.
Shares reflected a muted reception. Metaplanet traded lower by about 1.16 percent at JPY 594 in Tokyo, with an intraday range between JPY 571 and JPY 614 as of the afternoon close. The stock has been volatile through September amid dilution from the international offering and continued balance sheet expansion.
The latest corporate actions extend a year of rapid balance sheet change for the Tokyo-listed bitcoin treasury company. Management has detailed a multi-year plan to fund bitcoin accumulation and associated income strategies through warrants and equity issuance, while segmenting operations to address regulatory and risk considerations across geographies.
Recent disclosures and investor communications outline targets for deploying offering proceeds between direct bitcoin purchases and the income-generation business.
Metaplanet’s investor relations page also records contemporaneous Q&A materials and adjustments to exercise prices on certain stock acquisition rights issued earlier this year, underscoring a capital markets program aligned with its treasury strategy.
At this moment Bitcoin is trading around US$ 116,470.59, showing a gain of +0.76% over the past 24 hours.
