Metaplanet don launch sponsored ADRs (MPJPY) for US OTC make e easy for people access Bitcoin-treasury

Metaplanet Inc., one Japan-based public company wey get Bitcoin treasury, don launch sponsored Level I American Depositary Receipt (ADR) program make e dey trade for U.S. over-the-counter (OTC) market under ticker MPJPY, wey replace the earlier unsponsored OTC trading under MTPLF. Trading go start 19 December 2025. The ADRs dey use 1:1 ratio (one American Depositary Share = one ordinary share), dem go settle for U.S. dollars through standard U.S. securities infrastructure, and the plan na to make brokerage access better, reduce trading costs, and standardize custody and regulatory compliance for U.S. retail and institutional investors. Deutsche Bank Trust Company Americas na the depositary and MUFG Bank (Japan) na custodian of the underlying shares. Metaplanet don register 200 million American Depositary Shares (ADS) with Deutsche Bank as depositary; the program no be capital raise and e no go dilute existing shareholders. Separately, the company don outline capital-raising options — two new preferred classes with adjustable or fixed dividends and one Bitcoin-linked conversion feature — to fund more Bitcoin accumulation. Metaplanet talk say dem get one of the biggest public Bitcoin treasuries (about $2.7bn in Bitcoin), and after the ADR announcement their domestic shares rise. For traders: the ADR dey simplify USD settlement and brokerage access to Metaplanet equity exposure to Bitcoin, fit small increase U.S. liquidity for the stock, and go reduce friction for investors wey need ADRs for regulatory or custody reasons; e no directly change the firm’s Bitcoin holdings or outstanding common share count.