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Breaking News: Fed Lowers Rates By 25bps: How Bitcoin And Crypto Prices Responded And What's Next

Metaplanet Sets Up US Subsidiary To Strengthen Bitcoin Income Business

Ash Tiwari
by Ash Tiwari
1 hour ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Japanese investment firm Metaplanet today announced that it has set up new subsidiaries in the US and Japan to expand its Bitcoin (BTC) income generation business. In addition, the company also bagged the domain Bitcoin.jp – an indication that it will continue to spearhead BTC adoption in Asia.

Metaplanet Unveils Subsidiaries To Expand Bitcoin Business

In an announcement made earlier today, Tokyo-listed Metaplanet stated it had established a new wholly-owned subsidiary in the US called Metaplanet Income Corp. to expand its BTC income business.

Related Reading: 8.3 Million Bitcoin Will Be Considered ‘Illiquid’ By 2032: Fidelity Report

It should be noted that Metaplanet recently concluded a massive $1.4 billion capital raise. The firm’s US subsidiary will provide Metaplanet the opportunity to pursue derivatives operations and related activities that produce cash flow and revenue.

bitcoin
Source: Metaplanet

The establishment of Metaplanet Income Corp. will help the firm have a clear separation between the Bitcoin income generation business, and its core BTC treasury operations. This will help the company enhance transparency, governance, and risk management. 

Besides Metaplanet Income Corp, the firm has also established a Japan subsidiary called Bitcoin Japan Inc. Metaplanet CEO, Simon Gerovich, commented on the development, saying:

This business has become our engine of growth, generating consistent revenue and net income. We are cash flow positive, producing significant internal cash flow to support future initiatives.

Bitcoin Japan Inc., will primarily look after an array of BTC-based media such as conferences and online platforms, the Bitcoin.jp domain, and Bitcoin Magazine Japan. Notably, the domain was purchased from a private investor who had held it for over a decade.

Gerovich also commented on Metaplanet’s recent $1.4 billion capital raise, stating that almost 100 investors had joined the roadshow, with more than 70 of them ultimately investing. These investors include sovereign wealth funds, hedge funds, and other similar financial entities.

Metaplanet’s long-term ambition remains to be the second-largest holder of BTC, behind Michael Saylor-led Strategy. According to data from Coingecko, Metaplanet currently holds 20,136 BTC on its balance sheet.

btc
Source: Coingecko

In comparison, Strategy holds 638,935 BTC, and continues to extend its lead. However, to rank second, Metaplanet only needs to overtake MARA Holdings, which currently holds 52,477 BTC in its reserves.

Is BTC About To Fall?

Corporate adoption of Bitcoin continues to reach new heights, with a recent report noting that the total value of BTC treasury holdings recently surpassed $113 billion. Just a week ago, Metaplanet added to its BTC reserves.

Related Reading: Bitcoin In Consolidation Amid Treasury Companies’ Focus On Altcoins, Says Novogratz

That said, BTC whales recently dumped 115,000 – the largest distribution since 2022 – hinting that institutional demand for the digital asset may be temporarily waning. At press time, BTC trades at $115,670, down 0.7% in the past 24 hours.

bitcoin
Bitcoin trades at $115,670 on the daily chart | Source: BTCUSDT on TradingView.com
Featured image from Unsplash.com, charts from Coingecko, Metaplanet, and TradingView.com
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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