Japan’s Metaplanet announced Tuesday that its board approved $5 billion worth of capital contribution to its wholly-owned U.S. subsidiary.
Last month, the company unveiled its U.S. unit in Miami, Florida, established for global expansion. In its latest announcement, Metaplanet stated that it has completed the initial capitalization phase and is now entering an aggressive expansion stage.
“While Metaplanet continues to pioneer corporate Bitcoin adoption in Japan, this U.S. expansion underscores our determination to establish a globally integrated treasury model,” the company said.
Metaplanet said that the $5 billion contribution is expected to be sourced from exercising stock acquisition rights.
The company adopted the bitcoin accumulation strategy in April 2024, with the belief that it would increase shareholder value in the long term.
Metaplanet announced Monday that it added another 1,111 BTC to its treasury, bringing its total to 11,111 BTC. This made Metaplanet the eighth-largest corporate holder of bitcoin, behind Tesla by 398 BTC, according to data from bitcointreasuries.net.
The Japanese firm added that the financial impact of the contribution on the current fiscal year is expected to be limited, with any significant updates to be disclosed promptly.
Meanwhile, Metaplanet’s OTC Markets-listed U.S. stock (MTPLF) closed down 5.9% on Monday to $11.64, according to Google Finance data. Its Tokyo-listed stock fell 6.36% during Tuesday afternoon trading, while the market remains open as of publication time.
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