Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Metaplanet rides 2200% stock growth wave to enter US market with Bitcoin focus

Metaplanet rides 2200% stock growth wave to enter US market with Bitcoin focus

CryptoSlateCryptoSlate2024/12/19 21:44
By:Oluwapelumi Adejumo

Metaplanet's CEO Simon Gerovich sees US expansion as crucial for global investor confidence in the firm's Bitcoin focus.

Metaplanet , a Japanese Bitcoin -focused investment firm, will begin trading its shares on the US OTCQX Market on Dec. 19 under the ticker MTPLF.

This milestone follows the company’s announcement of its Bitcoin Treasury Operations as a core business focus.

The market reacted positively to these developments, pushing Metaplanet’s stock up by over 7% on the Japanese exchange, reaching ¥3,770. This adds to the company’s impressive year-to-date growth of more than 2,200%, according to Google Finance data .

Why Metaplanet is targeting the US Market

Metaplanet’s US expansion is driven by increasing global interest in its Bitcoin Treasury Strategy.

The firm highlighted strong demand from institutional and retail investors outside Japan who want easier access to its shares. By listing on OTCQX, Metaplanet aims to bridge this gap and attract more cross-border investment.

Metaplanet CEO Simon Gerovich emphasized the move’s strategic importance, calling it a critical step in building global investor confidence. He linked the company’s growing popularity to its innovative Bitcoin Treasury Strategy, which positions Metaplanet as a pioneer in Asia’s Bitcoin ecosystem.

He stated :

“This marks a key step in expanding access for global investors to join our journey as Asia’s first Bitcoin Treasury Company.”

The OTCQX market hosts over 600 companies, allowing firms like Metaplanet to reach US investors without SEC registration.

Bitcoin Treasury business

This move comes as Metaplanet doubles down on its Bitcoin Treasury operations.

On Dec. 18, the Japan-based firm announced its plans to bolster its Bitcoin holdings while navigating currency fluctuations by hedging against the weakening yen. It aims to fund these acquisitions through innovative financial instruments, including equity offerings and convertible bonds.

Metaplanet will also leverage Bitcoin’s price volatility to diversify its revenue streams—the firm plans to sell put options and create sustainable profits alongside its core treasury activities.

Additionally, its exclusive license for Bitcoin Magazine Japan offers opportunities to generate income through marketing and educational initiatives tailored to the Bitcoin ecosystem.

Mentioned in this article
Bitcoin Metaplanet
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like