{"id":331002,"date":"2024-06-25T23:16:15","date_gmt":"2024-06-25T17:46:15","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=331002"},"modified":"2024-06-25T23:16:15","modified_gmt":"2024-06-25T17:46:15","slug":"bitcoin-focused-metaplanet-sets-up-subsidiary-in-british-virgin-islands-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-focused-metaplanet-sets-up-subsidiary-in-british-virgin-islands-crypto-news\/","title":{"rendered":"Bitcoin-focused Metaplanet sets up subsidiary in British Virgin Islands – Crypto News"},"content":{"rendered":"

Bitcoin<\/a> bull Metaplanet<\/a> has established a new subsidiary, Metaplanet Capital Limited, to enhance its Bitcoin management and expand into new regions.<\/p>\n

According to a June 25 statement, Metaplanet revealed that the subsidiary would be registered in the British Virgin Islands and be a part of its consolidation group companies.<\/p>\n

The subsidiary will be focused on managing the Tokyo stock exchange-listed firm\u2019s Bitcoin holdings and strengthening its BTC-only strategy. Additionally, the firm would seek to capitalize on international growth opportunities that would aid Metaplanet\u2019s global expansion.<\/p>\n

It added<\/a>:<\/p>\n

\n

\u201cThis move allows us to leverage the favorable regulatory environment, optimize our financial strategies, and better position Metaplanet for global market expansion.\u201d<\/p>\n<\/blockquote>\n

The subsidiary\u2019s representative will be Director Simon Gerovich, and its initial capital is $10,000.<\/p>\n

Over the past months, Metaplanet has acquired 141 Bitcoin worth approximately \u00a51.45 billion ($9 million), propelling it into the top 30 corporate BTC holders. Yesterday, it announced plans to issue \u00a51 billion ($6.26 million)<\/a> in ordinary bonds to fund additional purchases of the top digital asset.<\/p>\n

Metaplanet\u2019s shift to Bitcoin has earned it the moniker of \u201cAsia\u2019s MicroStrategy<\/a>\u201d within the crypto community. According to the firm, its BTC pivot<\/a> is driven by recent economic conditions in Japan where the national currency has considerably struggled against the US Dollars. It stated:<\/p>\n

\n

\u201cMetaplanet\u2019s strategy unequivocally prioritizes a Bitcoin-first, Bitcoin-only approach for the Company, with the potential use of long-dated yen liabilities and periodic share issuances as strategic financial options to continually accumulate more bitcoin instead of retaining the ever-weaker yen.\u201d<\/p>\n<\/blockquote>\n

Meanwhile, its pro-BTC move has helped its shares rally by more than 500% within the last six months, according to Tradingview data<\/a>.<\/p>\n

The post Bitcoin-focused Metaplanet sets up subsidiary in British Virgin Islands<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin bull Metaplanet has established a new subsidiary, Metaplanet Capital Limited, to enhance its Bitcoin management and expand into new regions. According to a June 25 statement, Metaplanet revealed that the subsidiary would be registered in the British Virgin Islands and be a part of its consolidation group companies. The subsidiary will be focused on […]<\/p>\n","protected":false},"author":2,"featured_media":331010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-331002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/331002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=331002"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/331002\/revisions"}],"predecessor-version":[{"id":331013,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/331002\/revisions\/331013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/331010"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=331002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=331002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=331002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}