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Stock impact report

Bitcoin Treasury Metaplanet Opens to US Investors via $MPJPY ADRs — No New Shares [Yahoo! Finance]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Yahoo! Finance
The company said trading of its sponsored Level I ADRs will begin Friday on the U.S. over-the-counter market under the ticker symbol MPJPY, according to an announcement. Each ADR will represent one ordinary Metaplanet share and will trade in U.S. dollars. The program is being launched with Deutsche Bank Trust Company Americas acting as depositary, while MUFG Bank will serve as custodian for the underlying shares in Japan. Metaplanet said the decision followed growing demand from U.S. retail and institutional investors who have been seeking a more direct and efficient way to gain exposure to the company's equity. Chief executive Simon Gerovich said the move reflects feedback the company has received over several quarters and marks another step in expanding global access to Metaplanet's stock. The ADR program is not designed to raise capital, and it does not affect the number of issued common or preferred shares and will not dilute existing shareholders. Instead, the struct Show less Read more
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