Metaplanet, a Japanese Bitcoin
Trading for these ADRs begins on December 19 in the US over-the-counter market with the ticker MPJPY. The arrangement involves Deutsche Bank Trust Company Americas acting as the depositary bank and MUFG Bank serving as the custodian in Japan.
According to an official statement, issuing these ADRs is not for raising new capital but rather to facilitate easier trading and provide backing for existing common and preferred shares.
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A previous step towards US market access happened in December 2024 when the company began offering MTPLF securities on the OTCQX platform. The ADRs now introduce a sponsored solution, unlike the earlier offering.
This ADR program allows US investors, whether institutional or retail, to trade shares using US dollars and without dealing with the Japanese stock market or managing currency exchange.
The program’s structure does not create new shares or raise additional capital for the firm, but instead aims to enhance availability and trading flexibility for American buyers.
Metaplanet previously stopped further Bitcoin purchases in September. By September 29, 2025, its Bitcoin stack reached approximately 29,000 BTC, and since April 2024, it has accumulated a total of 30,823 BTC.
Meanwhile, Michael Saylor’s company, Strategy, has been working to keep its Class A shares (MSTR) in the MSCI indexes. How? Read the full story.
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