Metaplanet to debut US trading with Deutsche Bank under MPJPY

cointelegraphPubblicato 2025-12-19Pubblicato ultima volta 2025-12-19

Introduzione

Japanese Bitcoin treasury company Metaplanet will begin trading its American Depositary Receipts (ADRs) in the U.S. under the ticker MPJPY on the OTC market. The program, facilitated by Deutsche Bank and MUFG Bank, aims to provide U.S. investors easier access to its equity and is not intended to raise capital. This launch follows the company's existing OTCQX listing (MTPLF). The announcement comes as Metaplanet, which holds 30,823 BTC, has not purchased any Bitcoin since September 2025. Its market value to Bitcoin NAV ratio has since recovered to 1.12.

Metaplanet, a Japanese Bitcoin treasury company, is set to begin trading in the United States via American Depositary Receipts (ADRs).

Trading in Metaplanet’s ADRs is expected to start on Friday, with its shares listed in US dollars on the over-the-counter (OTC) market under the ticker symbol MPJPY, according to an announcement.

“This directly reflects feedback from US retail and institutional investors seeking easier access to our equity,” Metaplanet CEO Simon Gerovich said in an X post on Friday, adding that the launch marks another step to broader global access to the company.

Metaplanet’s ADR program is launched through a sponsored level trust agreement with Deutsche Bank Trust Company Americas, acting as depositary, and MUFG Bank as custodian in Japan.

The ADRs are not intended to raise capital, Metaplanet says

American Depositary Receipts are financial instruments issued by US banks that represent shares of non-US companies, allowing US investors to buy and sell shares of foreign firms without the need to trade directly on foreign exchanges.

“The ADRs are not intended to raise funds, but to fund the issuance of common shares and preferred shares by the company,” Metaplanet said.

*Data from Metaplanet’s ADR offering (translated by Google). Source: Metaplanet*

The ADR program differs from Metaplanet’s MTPLF offering, which began trading on the OTC Markets Group’s OTCQX market in December 2024.

“It [MTPLF] is not based on a sponsored ADR program,” the company noted in the announcement.

Metaplanet’s has not bought any Bitcoin since September

The launch of Metaplanet’s MPJPY ADR programme comes as the company’s Bitcoin (BTC) buying has stalled. After acquiring around 29,000 Bitcoin in 2025, Metaplanet halted purchases in September, with its most recent acquisition dated Sept. 29, according to data from Bitbo.

Since launching its Bitcoin acquisition strategy in April 2024, Metaplanet has accumulated a total of 30,823 BTC, emerging as one of the world’s largest digital asset treasuries alongside Michael Saylor’s Strategy.

*Bitcoin treasury holdings by top seven DATs. Source:* *CoinGecko*

Metaplanet’s BTC buying halt came amid Metaplanet’s enterprise value falling below the value of its Bitcoin holdings in mid-October, raising concerns across the industry.

Several DAT companies also saw sharp share price declines following a strong rally in July 2025.

Related: Strategy adds nearly $1B in Bitcoin as market slump pressures MSTR stock

Metaplanet’s market to Bitcoin NAV (mNAV) — a ratio between the company’s value and its BTC holdings — has since recovered above 1, standing at 1.12 by publishing time, according to official data reported by the company.

Domande pertinenti

QWhat is Metaplanet and what is its primary Bitcoin-related strategy?

AMetaplanet is a Japanese Bitcoin treasury company that has implemented a Bitcoin acquisition strategy, accumulating a total of 30,823 BTC since April 2024 to become one of the world's largest digital asset treasuries.

QHow will Metaplanet begin trading in the United States and under what ticker symbol?

AMetaplanet will begin trading in the United States via American Depositary Receipts (ADRs) listed on the over-the-counter (OTC) market under the ticker symbol MPJPY.

QWhich financial institutions are involved in Metaplanet's ADR program and what are their roles?

ADeutsche Bank Trust Company Americas is acting as the depositary for the ADR program, while MUFG Bank serves as the custodian in Japan.

QAccording to the company, what is the purpose of issuing these ADRs?

AMetaplanet stated that the ADRs are not intended to raise funds but to facilitate the issuance of common shares and preferred shares by the company, providing easier access for US investors.

QWhat recent change has occurred regarding Metaplanet's Bitcoin purchasing activity?

AMetaplanet halted its Bitcoin purchases in September 2025 after acquiring around 29,000 BTC that year, with its most recent acquisition dated September 29th.

Letture associate

$500 Into Little Pepe (LILPEPE) Could Explode to $500,000 as 1000x Hype Builds Around Presale

Little Pepe ($LILPEPE) is a popular presale cryptocurrency project that has raised over $28 million, with speculation it could yield 1000x returns. An investment of $500 could potentially grow to $500,000 if the token achieves significant post-launch growth. Currently in Stage 13 priced at $0.0022, the project operates on a Layer 2 Ethereum-compatible blockchain, offering zero-tax trades, anti-sniper bot protection, staking, and DAO governance. To boost engagement, Little Pepe is running a $777,000 giveaway with prizes including ETH and tokens. While the project shows high upside potential due to its utility and presale performance, it also carries elevated risks typical of speculative crypto investments.

TheNewsCrypto12 min fa

$500 Into Little Pepe (LILPEPE) Could Explode to $500,000 as 1000x Hype Builds Around Presale

TheNewsCrypto12 min fa

Little Pepe (LILPEPE) vs Bonk—Cross-Chain Meme Coin Battle Heats up as Demand Surges

The meme coin competition is shifting from community hype to technological and ecosystem advantages. This analysis contrasts Bonk, an established token on the Solana network known for its speed and low costs, with the newer Little Pepe ($LILPEPE), currently in its presale phase. Bonk leverages its mature community and Solana's infrastructure, while Little Pepe differentiates itself with a Layer 2 Ethereum solution promising tax-free trading, staking rewards, and enhanced scalability. To drive engagement, Little Pepe is offering substantial giveaways totaling $777,000. Both coins, despite their different strategies—Bonk as a proven ecosystem and Little Pepe as an early-stage utility project—are capturing significant market attention as demand surges.

TheNewsCrypto1 h fa

Little Pepe (LILPEPE) vs Bonk—Cross-Chain Meme Coin Battle Heats up as Demand Surges

TheNewsCrypto1 h fa

Crypto Crime Hit Hard: $700 Million Frozen By DOJ Strike Force

A US law enforcement task force has frozen over $700 million in cryptocurrency linked to investment scams targeting Americans. The operation, which involved cooperation from crypto exchanges and legal processes, also took down more than 500 fraudulent websites and a Telegram channel used to recruit victims. Two Chinese nationals were named in arrest warrants for operating a scam compound in Burma. In a related move, the US State Department announced a $10 million reward for information disrupting scam centers in Burma. Singaporean authorities, alongside major crypto exchanges and analytics firms, also prevented nearly $3 million in losses through a parallel operation. The scale of cybercrime remains vast, with the FBI reporting over $20 billion in losses in 2025.

bitcoinist2 h fa

Crypto Crime Hit Hard: $700 Million Frozen By DOJ Strike Force

bitcoinist2 h fa

Toncoin Fees To Drop 6x As Network Moves Toward Feeless Transactions

Telegram founder Pavel Durov announced that the Toncoin (TON) network will reduce transaction fees by six times in one week, lowering the cost to just 0.00039 TON (approximately $0.0005). This fee reduction is part of the "Make TON Great Again" (MTONGA) roadmap and will remain fixed regardless of network congestion. The update follows a recent upgrade that made the network 10 times faster and transactions nearly instant. Durov also hinted that future steps aim to make most transactions fully feeless. Although Telegram discontinued formal involvement with TON due to regulatory issues, Durov remains a strong supporter. Currently, Toncoin is trading around $1.30, down over 8% in the past week.

bitcoinist2 h fa

Toncoin Fees To Drop 6x As Network Moves Toward Feeless Transactions

bitcoinist2 h fa

a16z: AI's 'Amnesia', Can Continuous Learning Cure It?

The article "a16z: AI's 'Amnesia' – Can Continual Learning Cure It?" explores the limitations of current large language models (LLMs), which, like the protagonist in the film *Memento*, are trapped in a perpetual present—unable to form new memories after training. While methods like in-context learning (ICL), retrieval-augmented generation (RAG), and external scaffolding (e.g., chat history, prompts) provide temporary solutions, they fail to enable true internalization of new knowledge. The authors argue that compression—the core of learning during training—is halted at deployment, preventing models from generalizing, discovering novel solutions (e.g., mathematical proofs), or handling adversarial scenarios. The piece introduces *continual learning* as a critical research direction to address this, categorizing approaches into three paths: 1. **Context**: Scaling external memory via longer context windows, multi-agent systems, and smarter retrieval. 2. **Modules**: Using pluggable adapters or external memory layers for specialization without full retraining. 3. **Weights**: Enabling parameter updates through sparse training, test-time training, meta-learning, distillation, and reinforcement learning from feedback. Challenges include catastrophic forgetting, safety risks, and auditability, but overcoming these could unlock models that learn iteratively from experience. The conclusion emphasizes that while context-based methods are effective, true breakthroughs require models to compress new information into weights post-deployment, moving from mere retrieval to genuine learning.

marsbit2 h fa

a16z: AI's 'Amnesia', Can Continuous Learning Cure It?

marsbit2 h fa

Trading

Spot

Futures

Articoli Popolari

Come comprare US

Benvenuto in HTX.com! Abbiamo reso l'acquisto di Talus Network (US) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente Talus NetworkUS.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva Talus Network (US)Dopo aver acquistato Talus Network (US), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia Talus Network (US)Scambia facilmente Talus Network (US) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

373 Totale visualizzazioniPubblicato il 2025.12.11Aggiornato il 2025.12.11

Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di US US sono presentate come di seguito.