Overview
- Metaplanet’s sponsored ADRs begin trading Dec. 19 on the U.S. OTC market under the ticker MPJPY, replacing the unsponsored MTPLF quote.
- Each Level I ADR represents one ordinary share, settles through U.S. securities infrastructure, and is not eligible for listing on Nasdaq or the NYSE.
- The company says the program is not a capital raise and does not change shares outstanding, though one report says it covers up to $200 million in ADS.
- Executives say the sponsored structure improves settlement quality, broadens brokerage access, and reduces trading fees compared with unsponsored OTC instruments.
- Metaplanet reports holdings of 30,823 BTC and has not purchased additional bitcoin since Sept. 29, 2024.