Japan’s Metaplanet launched subsidiaries in Miami and Tokyo to grow Bitcoin income and expand domestic crypto media operations.
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Metaplanet, the Japanese hospitality and real estate group turned Bitcoin treasury company, is ramping up its crypto strategy with the launch of two new subsidiaries, one in the US and one in Japan.
In a Wednesday on X, the Tokyo-based firm announced the establishment of Metaplanet Income Corp., a wholly owned US subsidiary based in Miami with an initial capital of $15 million, to its disclosure.
The unit will focus on Bitcoin () income generation and derivatives trading, creating a structural separation between Metaplanet’s core BTC holdings and revenue-generating operations.
The subsidiary will be managed in part by Metaplanet CEO Simon Gerovich, alongside Dylan LeClair and Darren Winia. The company also said that the move is expected to have minimal impact on its consolidated financial results for the fiscal year ending Dec. 31.
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Metaplanet launches new subsidiary in Japan
Back home, Metaplanet also unveiled Bitcoin Japan Inc. to strengthen its domestic Bitcoin-related operations. The entity, based in Tokyo’s Roppongi Hills, will oversee media, events and the management of Bitcoin.jp, a recently acquired domain.
The new Tokyo entity will also manage Bitcoin Magazine Japan and the Bitcoin Japan Conference, expanding Metaplanet’s reach in domestic crypto media and community engagement. Directors Gerovich and Yoshihisa Ikurumi will lead the initiative.
The twin announcements come as part of the company’s Bitcoin income business, which launched in the fourth quarter of 2024. The news also came shortly after the company revealed through an international share offering to expand its BTC holdings.
Related:
Metaplanet becomes sixth-largest Bitcoin holder
With over 20,136 BTC now on its balance sheet, Metaplanet ranks as the sixth-largest Bitcoin treasury holder globally, trailing only giants like MicroStrategy, to BitcoinTreasuries.NET.
The top three public Bitcoin treasury holders are all US-based companies, led by Strategy, which holds a massive 638,985 BTC worth over $74 billion. It’s followed by Mara Holdings with 52,477 BTC valued at around $6.1 billion, and XXI in third place, holding 43,514 BTC worth $5.07 billion.
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