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MetaPlanet, the largest publicly traded company in Asia holding Bitcoin, is not just buying Bitcoin.
Bitcoin
$69,483.55
That's no longer the case, but they want to build an ecosystem around it.
The Tokyo Stock Exchange-listed company, which owns 35,102 Bitcoin, announced on Thursday the creation of Metaplanet Ventures KK, a wholly owned subsidiary that will invest in companies building a regulated financial infrastructure for Bitcoin in Japan.
The total investment over the next two or three years is expected to be around 4 billion yen (approximately $27 million USD), funded by cash flows from MetaPlanet's current Bitcoin income business.