Wu said that he learned that Metaplanet, a Japanese listed company, tweeted that the board of directors has resolved to establish a wholly-owned subsidiary, Metaplanet Capital Limited, in the British Virgin Islands to strengthen the strategic management of Bitcoin assets. The new subsidiary is expected to be established in July 2024 with an initial capital of US$10,000. So far, Metaplanet has purchased approximately 1.45 billion yen (approximately US$9.1 million) of Bitcoin and plans to purchase another 1 billion yen (approximately US$6.26 million) of Bitcoin.