Metaplanet to debut US trading with Deutsche Bank under MPJPY

Metaplanet, a Japanese Bitcoin treasury company, is acceptable to statesman trading successful the United States via American Depositary Receipts (ADRs).

Trading successful Metaplanet’s ADRs is expected to commencement connected Friday, with its shares listed successful US dollars connected the over-the-counter (OTC) marketplace nether the ticker awesome MPJPY, according to an announcement.

“This straight reflects feedback from US retail and organization investors seeking easier entree to our equity,” Metaplanet CEO Simon Gerovich said successful an X station connected Friday, adding that the motorboat marks different measurement to broader planetary entree to the company.

Metaplanet’s ADR programme is launched done a sponsored level spot statement with Deutsche Bank Trust Company Americas, acting arsenic depositary, and MUFG Bank arsenic custodian successful Japan.

The ADRs are not intended to rise capital, Metaplanet says

American Depositary Receipts are fiscal instruments issued by US banks that correspond shares of non-US companies, allowing US investors to bargain and merchantability shares of overseas firms without the request to commercialized straight connected overseas exchanges.

“The ADRs are not intended to rise funds, but to money the issuance of communal shares and preferred shares by the company,” Metaplanet said.

Data from Metaplanet’s ADR offering (translated by Google). Source: Metaplanet

The ADR programme differs from Metaplanet’s MTPLF offering, which began trading connected the OTC Markets Group’s OTCQX marketplace successful December 2024.

“It [MTPLF] is not based connected a sponsored ADR program,” the institution noted successful the announcement.

Metaplanet’s has not bought immoderate Bitcoin since September

The motorboat of Metaplanet’s MPJPY ADR programme comes arsenic the company’s Bitcoin (BTC) buying has stalled. After acquiring astir 29,000 Bitcoin successful 2025, Metaplanet halted purchases successful September, with its astir caller acquisition dated Sept. 29, according to information from Bitbo.

Since launching its Bitcoin acquisition strategy successful April 2024, Metaplanet has accumulated a full of 30,823 BTC, emerging arsenic 1 of the world’s largest integer plus treasuries alongside Michael Saylor’s Strategy.

Bitcoin treasury holdings by apical 7 DATs. Source: CoinGecko

Metaplanet’s BTC buying halt came amid Metaplanet’s endeavor worth falling beneath the worth of its Bitcoin holdings successful mid-October, raising concerns crossed the industry.

Several DAT companies besides saw crisp stock terms declines pursuing a beardown rally successful July 2025.

Related: Strategy adds astir $1B successful Bitcoin arsenic marketplace slump pressures MSTR stock

Metaplanet’s marketplace to Bitcoin NAV (mNAV) — a ratio betwixt the company’s worth and its BTC holdings — has since recovered supra 1, lasting astatine 1.12 by publishing time, according to authoritative information reported by the company.