Metaplanet launches subsidiary for BTC derivatives
Metaplanet (MTPLF), a Japanese public company pursuing a Bitcoin treasury strategy, announced the launch of its subsidiary, Metaplanet Income Corp., in Miami.
The unit, with $15M in capital, will focus on a Bitcoin income generation strategy centered on derivatives and related products.
The decision to establish the new company was approved by the board of directors, formalizing a direction first introduced in late 2024. According to CEO Simon Gerovich, the derivatives business has already shown “steady growth in revenue and net profit” and has now become “a driver of company growth.”
The company is rapidly expanding its international presence. In June, Metaplanet announced plans to raise up to $5B to support its U.S. arm. In August, it completed an international equity placement, raising $1.4B from mutual funds, sovereign wealth funds, and hedge funds. These funds have already been used to grow its Bitcoin reserves.
Last week, Metaplanet boosted its holdings to 20,136 BTC, worth more than $2.3B. The company is among the largest corporate Bitcoin holders, alongside Michael Saylor’s Strategy, Riot Platforms, and Marathon Digital.
According to Gerovich, Metaplanet’s strategic goal is to secure a place among the global leaders in Bitcoin treasury management while also developing new revenue streams through derivatives. In the coming months, the company plans to share more details on its strategy and projected income from its U.S. subsidiary.
The decision to establish the new company was approved by the board of directors, formalizing a direction first introduced in late 2024. According to CEO Simon Gerovich, the derivatives business has already shown “steady growth in revenue and net profit” and has now become “a driver of company growth.”
Metaplanet announces the creation of a new US subsidiary. Source: contents.xj-storage.jp
Metaplanet stressed that the U.S. subsidiary will remain legally separate from its main treasury portfolio to diversify risks. The entity will be managed by Gerovich along with directors Dylan LeClair and Darren Winia.
The company is rapidly expanding its international presence. In June, Metaplanet announced plans to raise up to $5B to support its U.S. arm. In August, it completed an international equity placement, raising $1.4B from mutual funds, sovereign wealth funds, and hedge funds. These funds have already been used to grow its Bitcoin reserves.
Last week, Metaplanet boosted its holdings to 20,136 BTC, worth more than $2.3B. The company is among the largest corporate Bitcoin holders, alongside Michael Saylor’s Strategy, Riot Platforms, and Marathon Digital.
According to Gerovich, Metaplanet’s strategic goal is to secure a place among the global leaders in Bitcoin treasury management while also developing new revenue streams through derivatives. In the coming months, the company plans to share more details on its strategy and projected income from its U.S. subsidiary.
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