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Metaplanet, a Japanese Bitcoin treasury company, is poised to begin trading in the United States with its American Depositary Receipts (ADRs). The ADRs will be available for trading on the over-the-counter (OTC) market under the ticker symbol MPJPY, starting Friday. This move aims to offer easier access to the company’s equity for both retail and institutional investors in the U.S. According to Metaplanet CEO Simon Gerovich, the launch directly responds to feedback from investors seeking more convenient investment options.
Metaplanet’s decision to expand its reach comes after the company set up a subsidiary in Miami earlier this year with a capital investment of $15 million. This new subsidiary is expected to help grow Metaplanet’s Bitcoin income, enhancing its presence in the global market. The ADRs are part of a broader strategy to provide easier access for U.S. investors without raising capital. As stated by Metaplanet, the ADR program’s primary purpose is to facilitate the issuance of common and preferred shares, rather than generating new funds.
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The launch of Metaplanet’s ADR program is facilitated through a sponsored level trust agreement with Deutsche Bank Trust Company Americas as the depositary. Additionally, MUFG Bank serves as the custodian in Japan. Notably, the ADR offering differs from Metaplanet’s MTPLF offering, which began trading on the OTCQX market in December 2024. Unlike the ADRs, MTPLF is not based on a sponsored ADR program.
In recent months, Metaplanet has paused its Bitcoin purchasing strategy, after acquiring over 29,000 BTC in 2025. This marks a shift in strategy as the company’s Bitcoin buying slowed significantly, with its last purchase recorded in late September. Despite this, Metaplanet has become one of the largest holders of Bitcoin, accumulating a total of 30,823 BTC since the launch of its acquisition strategy in April 2024.
The halt in Bitcoin acquisitions comes in the wake of concerns over Metaplanet’s enterprise value, which had briefly dipped below the value of its Bitcoin holdings in October. This situation raised alarm within the industry, particularly among digital asset treasury companies, which saw sharp declines in share prices following the July 2025 rally. However, Metaplanet’s market-to-Bitcoin net asset value (mNAV) has since recovered, standing at 1.12.
As Metaplanet moves forward with its ADR launch and evaluates its Bitcoin strategy, the company is taking steps to maintain stability in its financial position while continuing to expand its influence in the global market.
Also Read: Top Ripple Exec Reacts: Ripple Powers TJM’s Expansion Into Digital Assets for Institutions!
The post Metaplanet Set to Trade in US Through ADRs, Expanding Access for Global Investors appeared first on 36Crypto.
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Կառավարեք ձեր բոլոր կրիպտարժույթները, NFT-ն և DeFi-ն՝ մեկ տեղիցԱպահովաբար կցեք ձեր օգտագործած պորտֆոլիոն՝ սկսելու համար:
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