COINOTAG News, December 19, reports that Metaplanet, a Japan-based Bitcoin treasury company, will begin trading its American Depositary Receipt (ADR) on the U.S. market under the ticker MPJPY.

An ADR is a security issued by a U.S. bank that represents shares of a foreign company, allowing U.S. investors to access foreign equities on a U.S.-listed platform without direct exposure to a foreign exchange. This move aligns with broader market access for crypto-adjacent issuers and may improve liquidity for Metaplanet’s Bitcoin treasury strategy.

Market participants should review the accompanying disclosures, custody terms, and currency implications tied to MPJPY, as ADR trading consolidates price discovery and corporate actions within the familiar framework of U.S. equities, while underlying cross-border risks remain.