Key Insights:
- Metaplanet (OTCQX: MTPLF) stock price was up over 6% in the US pre-market session amid MPJPY launch and BoJ rate hike.
- The Japanese Bitcoin (BTC) Treasury company rolled out an American Depository Receipt (MPJPY) on Friday. It will trade on the US over the counter (OTC) Market, like the MTPLF.
- Trump Media & Technology (NASDAQ: DJT), Circle (NYSE: CIRCL), and IREN Limited (NASDAQ: IREN).
Japanese Bitcoin treasury company, Metaplanet Inc. announced the establishment of a Sponsored Level I ADR (American Depositary Receipt) Program on Friday. Metaplanet’s US Over-the-counter (OTC) market stock, MTPLF, rose 6.65% pre-market.
In its announcement, Metaplanet wrote that although shares of MTPLF were available to US investors, certain investors faced barriers related to settlement infrastructure and liquidity.
Metaplanet noted that MPJPY was established as part of its “long-term capital markets strategy”.
In addition, institutional investors globally, including asset managers and fiduciary institutions, have indicated a preference for, or a requirement to, hold equity through formal ADR structures due to regulatory, custodial, and mandate-related constraints.
By introducing a Sponsored ADR program, Metaplanet aims to remove key friction points and enable these institutions to engage with our equity under a compliant and operationally streamlined framework.
Meanwhile, MPJPY is Metaplanet’s sponsored Level 1 ADR Program. It is not meant to raise capital and is aimed at making it easier for investors in the US to invset in the Japanese company.
Metaplanet (MTPLF), formerly a hotel chain, pivoted to its Bitcoin hoarding strategy, inspired by Strategy Inc. (NASDAQ: MSTR). It holds 30,823 BTC as of December 19th, 2025, according to its analytics page.
With MTPLF stock, Metaplanet does not have a formal agreement with a depository bank and is not involved in the program’s operation.
With this ADR program, Metaplanet is formally involved; it has officially entered into a contract with the depository for this program, Deutsche Bank Trust Company Americas.
However, the treasury company also noted that the ADR program would also enhance transparency in investor relations and administrative handling.
The ADRs will be denominated in US Dollars and 1 ADR will represent 1 share of the company.
MTPLF Stock Rises 6.65% at Market Close
The ‘F’ in MTPLF stock indicates that it is the stock of a foreign company. MTPLF was trading at $433, reflecting a 6.65% spike at market-close.
Bank of Japan raised its policy rate by 25 basis points to 3.75%, highest in the last 30 years, in a unanimous decision by the bank’s policy board. Notably, the Japanese Yen (JPY) tumbled after the BoJ announcement. JPY rose to 157 post announcement, it was at 155 pre-announcement.
Former BoJ executive director Kazuo Momma told Bloomberg TV that two more rate cuts were expected in 2026 and one in 2027. Kazuo opined that BoJ might raise rates once every six months or so, per Bloomberg.
Fujitsu’s chief policy economist Martin Schulz told CNBC that the Japanese government’s expansionary fiscal approach had given the BoJ more room to achieve a neutral policy rate. BoJ could now focus more on stabilizing Yen, Schulz noted.
On December 9th, the Federal Reserve cut its policy rate by 25 basis points, sending Bitcoin up by over $2000. BoJ is the only major central bank that is raising its policy rate. Japan’s sticky inflation is primarily why BoJ raised its interest rate.
Meanwhile, Japanese stock exchanges are reviewing their treatment of digital asset treasuries (DATs) like Metaplanet. Exchanges like Tokyo Stock Exchange and Osaka Stock Exchange are considering mandating additional conditions and requirements for DATs.
DJT, CIRC, BMNR Rise Sharply Friday Morning
At press time, DJT traded at $16.6, reflecting a 12% spike. Other crypto stocks that made notable moves before markets opened include CIRCL and BitMine Immersion Technologies Inc (NASDAQ: BMNR).
BMNR, the world’s largest corporate Ethereum (ETH) holder, reflected a 7% intraday uptick to $31 and the Stablecoin issuer, CIRCL, reflected a 3.5% increase to $87.
MSTR price was $166, reflecting a 5% intraday spike, however, it was significantly lower than its all-time-high marked earlier this year.
DATs like MTPLF stock and MSTR have been in the spotlight for the last few months amid rising delisting concerns.
On January 15th, 2026, global market index provider MSCI will announce its decision on a proposal to delist companies whose balance sheets show over 50% in digital assets. MSCI’s decision will have a significant impact on stocks like MSTR, MTPLF, and BMNR.
Source: https://www.thecoinrepublic.com/2025/12/20/mtplf-stock-in-focus-as-metaplanet-rolls-out-mpjpy-on-us-otc-market/
