Bitcoin (BTC) treasury firm Metaplanet announced a strategic investment in stablecoin firm JPYC, as well as the launch of two new subsidiaries.

Metaplanet CEO Simon Geroch said Thursday Post on social media platform X that the company’s board of directors approved the formation of two wholly-owned subsidiaries — Metaplanet Ventures and Metaplanet Management.

Gerovich said Metaplanet Ventures reflects the firm’s commitment to Japan’s bitcoin ecosystem and will deploy 4 billion Japanese yen ($25.2 million) over the next few years to companies building the financial infrastructure around bitcoin in Japan. The CEO noted that these investments will focus on areas including lending, payments, custody, stablecoins, derivatives, compliance.

The 4 billion yen investment will also include an incubator and grants program for early-stage founders, developers, educators and researchers.

“Japan has created the world’s best regulatory framework for digital assets,” Gerovitch said. “Now it needs companies, builders and infrastructure. We want to help make that happen.”

JPYC investment

As the venture capital subsidiary’s first investment, Metaplanet raised ¥400 million ($2.5 million) from JPYC Inc. is deploying, the issuer of the yen-denominated stablecoin JPYC. According to the company, the investment is part of JPYC’s Series B financing round. Disclosure.

JPYC, said to be Japan’s first licensed stablecoin, was launched in October 2025 and maintains its 1:1 peg to the yen through bank deposits and government bonds. The stablecoin operates on several blockchain networks, including Avalanche, Ethereum, and Polygon.

Earlier this month, JPYC partnered with Sony Bank to expand its use to support creators in the country’s music and entertainment sectors, according to a Report Nick from Asia.

“Every bitcoin transaction has two sides: a bitcoin and a currency,” Garroch said. “As the market institutionalizes, that currency goes digital. The JPYC is building that rail in Japan and we want to be a part of that.”

American Asset Manager

Meanwhile, Metaplanet Asset Management will operate as a subsidiary based in Miami as a “digital credit and bitcoin capital markets platform” that brings together Asian and Western capital markets.

According to a company disclosure, the unit will focus on asset management activities, including bitcoin-related investment products, capital markets advisory services and related regulatory infrastructure.

“The company plans to announce specific funds, managed strategies, and structured products as they are launched, spanning the full spectrum of bitcoin capital markets from derivatives and fixed income to actively managed equity, credit, commodity, and volatility strategies,” the disclosure statement said.

‘Not Underperforming’

Last month, Metaplanet reported a net loss of 95 billion yen ($598 million) for 2025, driven primarily by an unrealized valuation loss on its bitcoin holdings.

Despite the headline loss, Gerovitch said operating profit grew 1,695% year-over-year, which he said reflects the strength of Metaplanet’s strategy. He added that unrealized losses on long-term bitcoin holdings are not meaningful, as the company has no intention of selling them.

“Even in this year’s down market, our stock fell 23% while bitcoin fell 24% — we didn’t underperform,” Geroch said at the time. “Every yen we’ve raised has been invested exactly as disclosed and in accordance with the strategy we’ve clearly outlined.”

According to Metaplanet’s official website, the company currently holds 35,102 BTC, worth $2.45 billion as of today. Metaplanet’s Tokyo-listed stock fell 1.9% to 362 yen intraday on Thursday, while its US-listed shares MTPLF rose 5.53% to close at $2.29 on Wednesday.

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