Metaplanet, a prominent Bitcoin advocate, has launched a new subsidiary named Metaplanet Capital Limited to bolster its management of Bitcoin assets and expand into new global markets.

In a statement released on June 25, Metaplanet disclosed that the subsidiary will be registered in the British Virgin Islands and integrated into its group of consolidated companies. The primary focus of Metaplanet Capital Limited will be managing the firm’s Bitcoin holdings, reinforcing its BTC-only strategy, and pursuing international growth opportunities to facilitate global expansion.

The company explained:

"This strategic move allows us to leverage favorable regulatory conditions, optimize financial strategies, and position Metaplanet more effectively for global market expansion."

Director Simon Gerovich will represent the subsidiary, which begins with an initial capital of $10,000.

In recent months, Metaplanet has acquired 141 Bitcoin valued at approximately ¥1.45 billion ($9 million), propelling it into the top 30 corporate BTC holders globally. Additionally, the company announced plans to issue ¥1 billion ($6.26 million) in ordinary bonds to fund further acquisitions of the leading digital asset.

Metaplanet's aggressive pivot towards Bitcoin has earned it the nickname "Asia's MicroStrategy" in the crypto community. The firm attributes its shift to Bitcoin to Japan's economic challenges, where the national currency has weakened significantly against the US Dollar. Metaplanet emphasized:

"Our strategy unequivocally prioritizes a Bitcoin-first, Bitcoin-only approach, with potential utilization of long-term yen liabilities and periodic share issuances as strategic financial tools to continually accumulate Bitcoin rather than holding depreciating yen."

This pro-Bitcoin stance has driven Metaplanet's shares to surge more than 500% over the past six months, as per Tradingview data.