Overview
- Metaplanet’s board approved two wholly owned subsidiaries: Metaplanet Ventures and Metaplanet Asset Management.
- Metaplanet Ventures plans to deploy about ¥4 billion over two to three years into Japan-focused bitcoin financial infrastructure across lending, payments, custody, derivatives, compliance and stablecoins.
- The first deal is a letter of intent to invest up to ¥400 million in JPYC, Japan’s licensed yen stablecoin issuer, with closing targeted for April pending due diligence and final agreements.
- The Miami-based asset management unit will build bitcoin credit, yield and derivatives products intended to link Asian and Western capital markets.
- The company says it will fund the program from bitcoin-related revenue while continuing to accumulate BTC; it holds 35,102 BTC and reported sizable unrealized losses, as markets showed a mixed reaction across listings.