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Metaplanet Acquires Bitcoin.jp Domain, Launches Bitcoin Japan Co.
Metaplanet has acquired the Bitcoin.jp domain to enhance its Bitcoin operations in Japan.
- On September 17, Metaplanet's board approved the acquisition and plans to create a platform for media, events, and services related to Bitcoin.
- A new subsidiary, Bitcoin Japan Co., has been established to manage initiatives like "Bitcoin Magazine Japan" and the Bitcoin Japan Conference in 2027.
- The domain will also be used for commercial ventures, including advertising and affiliate programs.
- Bitcoin.jp aims to be a central hub for investors and the public to access information about Japan's Bitcoin ecosystem.
Capital Raise and Bitcoin Accumulation
- Metaplanet raised over $1.4 billion to fund additional Bitcoin purchases and expand revenue.
- The goal is to acquire 30,000 BTC by year-end and reach 210,000 BTC by 2027.
- Currently, Metaplanet owns 20,136 BTC at an average price of $102,669, with a paper profit of approximately 13.8%.
- The company's stock has fallen about 65% from June 2025, indicating market skepticism due to share issuances and price volatility.
- Despite challenges, the Bitcoin.jp platform is expected to strengthen Metaplanet's position as a leading Bitcoin-focused enterprise in Asia.