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Metaplanet Launches $27M Crypto Venture

Published 2 weeks, 6 days ago
Description

Metaplanet, Asias largest Bitcoin holder, is expanding its role in the crypto space with a new subsidiary, Metaplanet Ventures. The firm plans to invest $27 million over two to three years in Japan-based companies building Bitcoin tools, early startups, and open-source developers. This move comes as Japan prepares to regulate Bitcoin, creating a need for local infrastructure. Metaplanets first deal is a $2.7 million loan to a yen-backed stablecoin company. The firm emphasizes its long-term goal of accumulating and holding Bitcoin as a treasury asset.

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