On December 19, 2025, Japanese Bitcoin treasury company Metaplanet Inc. (TSE: 3350) officially launched its Sponsored Level I American Depositary Receipt (ADR) program, enabling its shares to trade on the U.S. over-the-counter (OTC) market under the ticker MPJPY. This marks a significant step in expanding access for U.S. retail and institutional investors to the company’s equity.
The ADR features the ticker MPJPY, with each ADR representing one common share of Metaplanet. It trades in U.S. dollars with standard U.S. settlement. Deutsche Bank Trust Company Americas serves as the depositary bank, while MUFG Bank acts as the custodian in Japan. The program does not issue new shares or raise additional capital—it focuses solely on improving accessibility and liquidity. It replaces the prior unsponsored OTC ticker (MTPLF, launched in December 2024), offering better settlement reliability, broader brokerage access, lower fees, and regulatory compliance for institutions. Metaplanet shares rose over 6% in Tokyo trading following the announcement.
Often dubbed “Asia’s MicroStrategy,” Metaplanet has aggressively accumulated Bitcoin since 2024, holding approximately 30,823 BTC as of late 2025—ranking it among the world’s top corporate holders. The ADR launch addresses direct feedback from U.S. investors seeking easier exposure to this Bitcoin-proxy stock without navigating foreign exchanges or currency risks.
This move enhances Metaplanet’s global visibility amid a maturing market for Bitcoin treasury companies, even as its BTC purchases paused after September 2025. Analysts view the sponsored structure as a compliance upgrade, potentially attracting more institutional capital.
For the latest updates, follow Metaplanet announcements or track MPJPY on OTC platforms. This development further bridges traditional finance with Bitcoin adoption in corporate treasuries heading into 2026.