Japanese company Metaplanet, known for its successful Bitcoin strategy, has announced its entry into the US market. The company's shares will start trading on the OTCQX platform, strengthening its long-term position.
Metaplanet on OTCQX
Starting December 19, 2024, Metaplanet's shares will trade on OTCQX under the ticker MTPLF. This event marks the expansion of Metaplanet's presence in the international market.
Metaplanet's Bitcoin Strategy
With the adoption of the Bitcoin strategy this year, Metaplanet has made significant progress, accumulating over 1,142 BTC and expecting the first operating profit since 2017. The company has also planned capital raising to enhance its Bitcoin holdings.
Market Impact
Metaplanet's ongoing Bitcoin accumulation has strengthened the Bitcoin market in Asia. Moreover, growing institutional support for Bitcoin contributes to its rise as digital gold.
Therefore, Metaplanet's entry into the US market through OTCQX and its aggressive Bitcoin strategy may have a significant impact on future cryptocurrency market trends.
