Metaplanet announced this Friday the launch of a sponsored Level I American Depositary Receipt (ADR) program to attract investors in the United States over-the-counter (OTC) market. Dylan Le Clair, the company’s Head of Bitcoin Strategy, confirmed that the ADRs will begin trading this December 19 under the ticker MPJPY, facilitating access for institutional and retail investors through a regulated infrastructure with lower transaction costs.
The move by Metaplanet aims to eliminate custody and compliance barriers for U.S. capital, allowing direct exposure to the world’s fourth-largest public Bitcoin treasury. Following the announcement, as Metaplanet launches ADR program, its shares jumped 6.65% on the Tokyo Stock Exchange, defying a complex macroeconomic environment in Japan marked by recent interest rate hikes by the Bank of Japan.
The next step for the company is to consolidate its new technical support level above 440 JPY while implementing new classes of preferred shares (MARS and MERCURY) to fund future BTC purchases.
Source: https://x.com/gerovich/status/2001913847599484969
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