Metaplanet Inc. announced that the Board of Directors has resolved to establish a wholly-owned subsidiary. The subsidiary will be a part of Metaplanet's consolidation group companies. The company has incorporated Bitcoin as a pillar of its financial strategy and has purchased approximately JPY 1.45 billion worth of bitcoin to date, with a further JPY 1 billion purchase resolved by the Board of Directors yesterday.

Metaplanet will continue this policy and aim to build up its Bitcoin balance over the long term. To capitalize on international growth opportunities and enhance the strategic management of Bitcoin holdings, the company are establishing a subsidiary in the British Virgin Islands. This move allows to leverage the favorable regulatory environment, optimize financial strategies, and better position Metaplanet for global market expansion.

Company Details: Company Name: Metaplanet Capital Limited; Address: Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands; Representative: Director Simon Gerovich; Business: Holding Bitcoins Bitcoin-related business; Initial Capital: USD 10,000; Establishment Date: July 2024; Major Shareholders: Metaplanet Inc. 100.00%.