Metaplanet has formed two subsidiaries—Metaplanet Income Corp. in Miami and Bitcoin Japan Inc. in Tokyo—to separate Bitcoin (BTC) revenue activities from holdings, boost BTC income via derivatives and trading, and expand domestic crypto media and events.
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New US unit for Bitcoin income and derivatives trading
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Tokyo entity to manage Bitcoin.jp, Bitcoin Magazine Japan and the Bitcoin Japan Conference
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Metaplanet holds 20,136 BTC, ranking sixth among public Bitcoin treasury holders
Metaplanet Bitcoin subsidiary launches: Miami and Tokyo units to drive BTC income and media expansion — read how the company will separate revenue operations. Learn more.
Japan’s Metaplanet launched subsidiaries in Miami and Tokyo to grow Bitcoin income and expand domestic crypto media operations.
Metaplanet, the Japanese hospitality and real estate group turned Bitcoin treasury company, is ramping up its crypto strategy with the launch of two new subsidiaries, one in the US and one in Japan.
What is Metaplanet Income Corp. and why was it created?
Metaplanet Income Corp. is a wholly owned US subsidiary established in Miami with initial capital of $15 million to focus on Bitcoin income generation and derivatives trading. The unit creates a structural separation between Metaplanet’s core BTC holdings and active revenue-generating operations, while aiming to limit impact on consolidated fiscal results.
In a Wednesday post on X, the Tokyo-based firm announced the establishment of Metaplanet Income Corp., a wholly owned US subsidiary based in Miami with an initial capital of $15 million, according to its disclosure.
The unit will focus on Bitcoin (BTC) income generation and derivatives trading, creating a structural separation between Metaplanet’s core BTC holdings and revenue-generating operations.
The subsidiary will be managed in part by Metaplanet CEO Simon Gerovich, alongside Dylan LeClair and Darren Winia. The company also said that the move is expected to have minimal impact on its consolidated financial results for the fiscal year ending Dec. 31.
Metaplanet unveils new US unit. Source: Metaplanet
How will Metaplanet generate Bitcoin income?
Metaplanet plans to generate BTC income through structured derivatives trading, yield strategies and fee-bearing services. The Miami unit centralizes trading expertise to pursue income while isolating market risk from long-term BTC treasury holdings.
Key personnel include CEO Simon Gerovich, Dylan LeClair and Darren Winia, who will oversee execution and risk controls. The company stated this setup should have minimal effect on consolidated fiscal results for the year ending Dec. 31.
What is Bitcoin Japan Inc. and what will it manage?
Bitcoin Japan Inc. is a Tokyo-based subsidiary created to manage domestic crypto media, events and the recently acquired Bitcoin.jp domain, reinforcing Metaplanet’s community and media footprint in Japan.
Back home, Metaplanet also unveiled Bitcoin Japan Inc. to strengthen its domestic Bitcoin-related operations. The entity, based in Tokyo’s Roppongi Hills, will oversee media, events and the management of Bitcoin.jp, a recently acquired domain.
The new Tokyo entity will also manage Bitcoin Magazine Japan and the Bitcoin Japan Conference, expanding Metaplanet’s reach in domestic crypto media and community engagement. Directors Gerovich and Yoshihisa Ikurumi will lead the initiative.
The twin announcements come as part of the company’s Bitcoin income business, which launched in the fourth quarter of 2024. The news also came shortly after the company revealed plans to raise 204.1 billion yen ($1.4 billion) through an international share offering to expand its BTC holdings.
Related: Metaplanet announced a large international share offering to support expanded BTC accumulation and income activities (plain text reference).
How large is Metaplanet’s Bitcoin treasury?
With over 20,136 BTC on its balance sheet, Metaplanet ranks as the sixth-largest public Bitcoin treasury holder globally. This places it behind a small group of larger public holders and underscores the firm’s transition toward a BTC-centric corporate strategy.
Top 10 Bitcoin holders. Source: BitcoinTreasuries.NET
The top three public Bitcoin treasury holders are all US-based companies, led by Strategy (MicroStrategy) holding 638,985 BTC. It’s followed by Mara Holdings with 52,477 BTC and XXI with 43,514 BTC, according to public treasury aggregators (plain text reference).
Frequently Asked Questions
Will the Miami subsidiary affect Metaplanet’s consolidated financials?
Metaplanet says the Miami unit is expected to have minimal impact on consolidated results for the fiscal year ending Dec. 31, as it operates as a structurally separate revenue arm focused on income generation.
Who will run Bitcoin Japan Inc. and what are its priorities?
Directors Simon Gerovich and Yoshihisa Ikurumi will lead Bitcoin Japan Inc., prioritizing media management, event organization and growth of the Bitcoin.jp platform to strengthen domestic community engagement.
Key Takeaways
- Separate revenue arm: Metaplanet Income Corp. isolates income generation from BTC treasury risk.
- Domestic media push: Bitcoin Japan Inc. will manage Bitcoin.jp, Bitcoin Magazine Japan and major events.
- Significant BTC position: With ~20,136 BTC, Metaplanet ranks among the top public Bitcoin treasury holders.
Conclusion
Metaplanet’s creation of Metaplanet Income Corp. in Miami and Bitcoin Japan Inc. in Tokyo formalizes its shift to a treasury-led business model focused on Bitcoin income and media expansion. The structural separation aims to preserve long-term BTC holdings while pursuing sustainable revenue strategies. Watch for operational updates and financial disclosures from the company as the two units scale.
