Metaplanet, a Japanese company that specializes in Bitcoin Treasury operations, has announced that the company would start trading in the U.S. market through Over the Counter Quotation Exchange. The company will trade under the ticker symbol “MTPLF.”
Metaplanet’s Bitcoin business strategy is centered around accumulating and holding Bitcoin as treasury asset, similar to MicroStrategy approach. The company has seen significant gains from its Bitcoin investments with its stock price surging over 1,000% this year and the company currently holds 1,142 BTC.
CEO Simon Greovich stated ” We are thrilled to begin trading on the OTCQX Market, enabling greater access for U.S. investors to participate in Metaplanet’s journey.”
Why Metaplanet Chose to Expand in America?
With Donald Trump trying to make America the crypto capital of the planet, it was necessary for the company to set its foot in America. This move will allow the company to grow as well as it will increase its investor base, increase company’s credibility, increase its reputation globally, and position itself for potential growth in the future. This move also opens doors to access US capital markets and potential listing on major US exchanges like NASDAQ or NYSE.
The company’s entry into the U.S. market indicates a growing acceptance of Bitcoin-focused business modes within mainstream financial markets. This move might also inspire other companies to consider similar strategies, potentially influencing the adoption of Bitcoin in the U.S. financial ecosystem.
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