Key Insights
- Metaplanet ADR starts trading in the US on December 19 under the ticker symbol $MPJPY.
- The firm states that the new product will enhance accessibility and transparency for U.S. investors.
- Metaplanet is using Deutsche Bank as the depository bank for the ADR.
Japanese Bitcoin treasury company Metaplanet now has its stock available to US residents through an American Depository Receipt (ADR) program. The company President, Simon Gerovich, announced this, noting that the stock will trade under the ticker $MPJPY.
Gerovich states that the company decides to list the stock based on equity demand. Both retail and institutional investors drive this demand.
He said:
Metaplanet Says ADR Will Improve Global Accessibility of Its Stock
According to Metaplanet’s announcement, the ADR is part of its efforts to improve accessibility and transparency for its global investors. The firm stated that it has observed growing interest from US-based investors.
It said:
Its stock is already available as MTPLF in the US for over-the-counter trading. However, the Japanese bitcoin treasury company noted that there were limitations. It stated that these inefficiencies of settlement and liquidity have discouraged some investors.
It added that institutional investors also prefer to hold equity through ADR structures for regulatory and custodial purposes. Thus, it expects that its sponsored ADR program will attract more institutions to invest in the stock.
ADR allows US investors to buy shares of foreign companies through a U.S.-based depository bank. Metaplanet ADR is Sponsored. That means the company still retains control of the stocks while the depository bank only manages the sales.
Metaplanet Taps Deutsche Bank As Depository Bank
Meanwhile, the Japanese company has appointed Deutsche Bank Trust Company Americas as the depository bank for the ADR. However, MUFG Bank will be the custodian of the underlying shares.
Deutsche Bank also issued a press statement stating that the Metaplanet ADR complies with the U.S. Securities Act of 1933. It noted that the UK Financial Conduct Authority defines retail clients. This type of investment is not available to them.
Interestingly, Metaplanet stated that the program is not meant for a capital raise. Thus, it would not affect the number of common or preferred shares that Metaplanet has issued.
This may explain why it is a Level 1 ADR. It trades only on the OTC market. It allows the company to establish a trading presence in the US. It serves as an entry point for investors.
Unsurprisingly, the news of the ADR drew a positive reception. Metaplanet stock rose more than 6% on the Tokyo Stock Exchange. Metaplanet currently holds 30,823 BTC, with over 90% of its stash bought in 2025.
Oluwapelumi Adejumo is an experienced cryptocurrency journalist who has contributed to leading blockchain news platforms, including CryptoSlate and BeInCrypto.
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