Metaplanet, a Japanese Bitcoin
$88,242.41
-focused treasury firm, is making it simpler for US traders to entry its shares by launching American Depositary Receipts (ADRs).
Buying and selling for these ADRs begins on December 19 within the US over-the-counter market with the ticker MPJPY. The association includes Deutsche Financial institution Belief Firm Americas appearing because the depositary financial institution and MUFG Financial institution serving because the custodian in Japan.
In accordance with an official assertion, issuing these ADRs isn’t for elevating new capital however slightly to facilitate simpler buying and selling and supply backing for present widespread and most well-liked shares.
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A earlier step in the direction of US market entry occurred in December 2024 when the corporate started providing MTPLF securities on the OTCQX platform. The ADRs now introduce a sponsored resolution, not like the sooner providing.
This ADR program permits US traders, whether or not institutional or retail, to commerce shares utilizing US {dollars} and with out coping with the Japanese inventory market or managing foreign money alternate.
This system’s construction doesn’t create new shares or elevate further capital for the agency, however as an alternative goals to boost availability and buying and selling flexibility for American consumers.
Metaplanet beforehand stopped additional Bitcoin purchases in September. By September 29, 2025, its Bitcoin stack reached roughly 29,000 BTC, and since April 2024, it has accrued a complete of 30,823 BTC.
In the meantime, Michael Saylor’s firm, Technique, has been working to maintain its Class A shares (MSTR) within the MSCI indexes. How? Learn the complete story.
