Japanese investment firm Metaplanet today announced that it has set up new subsidiaries in the US and Japan to expand its Bitcoin (BTC) income generation business. In addition, the company also bagged the domain Bitcoin.jp – an indication that it will continue to spearhead BTC adoption in Asia.

Metaplanet Unveils Subsidiaries To Expand Bitcoin Business

In an announcement made earlier today, Tokyo-listed Metaplanet stated it had established a new wholly-owned subsidiary in the US called Metaplanet Income Corp. to expand its BTC income business.

It should be noted that Metaplanet recently concluded a massive $1.4 billion capital raise. The firm’s US subsidiary will provide Metaplanet the opportunity to pursue derivatives operations and related activities that produce cash flow and r

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