Metaplanet to Begin Trading on U.S. OTCQX Market

Metaplanet Inc. has started trading on the U.S. OTCQX Market under “MTPLF,” focusing on Bitcoin holdings. The company has introduced strategies like selling put options to increase profits. Its stock surged 7%, with a 2,200% growth year-to-date.

Metaplanet Inc., Japan’s first publicly traded company focused on Bitcoin, has begun trading its shares on the U.S. OTCQX Market. The company recently adopted Bitcoin Treasury strategy now will trade under the ticker symbol “MTPLF.”

Why the U.S. Market?

Metaplanet’s decision to list on the OTCQX Market comes under the interest in Bitcoin and its financial growth. The company focuses on accumulating Bitcoin as a core part of its business model from institutional and retail investors.

At the general meeting of Shareholders on December 13, 2024, Shareholders approved an increase in the shares to 145,000,000, which pave the way for continued Bitcoin accumulation.

By listing its shares in the U.S., Metaplanet it could get the wider range of investors.

Simon Gerovich, the President of Metaplanet, expressed about the move, highlighting how it provides U.S. investors with easier access to the company.

He sees this as a strategic step in expanding Metaplanet’s influence in the global Bitcoin ecosystem.

The OTCQX Market is a well-established platform that allows international companies to trade their shares in the U.S. without the need for SEC registration.

Companies on this market must follow strict financial rules and good business practices, making sure Metaplanet’s shares are reliable and safe for U.S. investors.

Metaplanet’s Bitcoin Treasury Strategy

Metaplanet’s main strategy is to buy and hold Bitcoin as its key asset. The goal is to grow the value of its Bitcoin over the years which is also creating long-term benefits for its shareholders.

By using Japan’s low borrowing costs and stable interest rates, the company plans to increase its Bitcoin holdings.

Along with buying more Bitcoin, Metaplanet is finding new ways to make money. For example, the company is selling put options, which helps them earn profits while they continue to build their Bitcoin holdings.

This strategy helps Metaplanet handle changes in the value of currencies, especially when the Japanese yen is getting weaker against the U.S dollars.

Metaplanet’s business also extends to its exclusive license for Bitcoin Magazine Japan, which enables the company to generate revenue through marketing, educational initiatives, and expanding the Bitcoin ecosystem in Japan.

After the announcement, the company’s stock surged by over 7% on the Japanese exchange, reaching ¥3,770. According to Google Finance data, stock growth of more than 2,200%. 

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