Metaplanet Inc., a prominent Tokyo Stock Exchange-listed company known for its significant Bitcoin holdings, has taken a bold step to make its shares more accessible to U.S. investors. As of December 19, 2025, the company’s shares will now trade on the U.S. over-the-counter (OTC) market under the ticker symbol MPJPY, according to their official announcement on X (formerly Twitter).
Convenience for U.S. Investors Through Sponsored ADR
The latest initiative—introducing a Sponsored American Depositary Receipt (ADR) program—aims to simplify and streamline the process for U.S.-based investors looking to invest in Metaplanet shares. A Sponsored ADR enables U.S. investors to trade foreign company shares in U.S. dollars via standard systems, significantly improving liquidity and reducing transaction costs. International banking giants Deutsche Bank and MUFG Bank will play key roles in managing the process.
Previously, investors used the MTPLF framework, which was criticized for slow settlements and low liquidity, deterring institutional investors. By transitioning to a formal Level I ADR, Metaplanet eliminates these barriers, enabling smoother communication and compliance with U.S. regulations.
A Strategic Move, Not Equity Dilution
The company emphasized that the Sponsored ADR program is designed to improve access, not to raise additional capital or dilute shareholder equity. Representative Director Simon Gerovich and IR Director Miki Nakagawa noted that the move aligns with Metaplanet’s efforts to foster transparency and strengthen ties with global investors. They highlighted how updates on Bitcoin holdings and strategic initiatives have already spurred a 300%+ rise in their stock value this year during the cryptocurrency market rallies.
MSCI Exclusion Concerns Loom
Despite these positive developments, challenges remain. MSCI, a global index provider, is considering removing companies with over 50% of their assets in digital assets like Bitcoin. Metaplanet, fitting this category, faces the risk of exclusion, which could trigger massive forced selling by passive funds adhering to MSCI benchmarks. Market analysts estimate this could impact billions of dollars across affected companies. The final decision is anticipated by January 15, 2026.
Broader Economic Factors and Their Impacts
The company also faces macroeconomic pressures following the Bank of Japan’s recent interest rate hike to 0.75%, its first increase in nearly a year. While a weaker yen could boost the value of Metaplanet’s Bitcoin holdings, higher interest rates may raise borrowing costs, creating additional headwinds for growth stocks and crypto-heavy firms.
How to Invest in Metaplanet ADRs
If you’re interested in investing in Metaplanet’s ADRs, platforms like Fidelity or TD Ameritrade provide convenient options to trade stocks, including ADRs, in USD. With Metaplanet’s emphasis on transparency and streamlined trading, U.S. investors can now participate in its growth story more efficiently than ever before.
Conclusion
The launch of Metaplanet’s Sponsored ADR program marks a significant step toward globalizing its investor base. While challenges like MSCI’s crypto policies and rising interest rates persist, the company remains dedicated to strengthening international connections and simplifying investment processes.
