Metaplanet, Asia's largest publicly listed bitcoin holder, isn't just buying bitcoin BTC$69,483.55 anymore but wants to build the ecosystem around it.

The Tokyo-listed company, which holds 35,102 BTC, announced Thursday the creation of Metaplanet Ventures K.K., a wholly-owned subsidiary that will invest in companies building regulated bitcoin financial infrastructure in Japan.

The total investment over the next two to three years is expected to be approximately JPY (¥) 4 billion (roughly $27 million), funded by cash flows from Metaplanet's existing bitcoin income business.

The subsidiary will operate across three programs. The first is a venture investment arm targeting seed through growth-stage companies across lending, collateral, payments, Lightning, stablecoin technology, custody, compliance, derivatives, tokenization, and investment products.

The focus is Japan first, with a selective global mandate to bring talent and technology into the Japanese market.

The second is an incubator for early-stage bitcoin and digital asset infrastructure companies in Japan, providing seed capital and access to Metaplanet's distribution channels, platforms, and investor network.

The third is a grants program for bitcoin open-source developers, educators, researchers, and community organizers in Japan, aimed at strengthening the domestic talent pipeline.

The first investment is already lined up, with Metaplanet Ventures is making a ¥400 million (roughly $2.7 million) investment into JPYC Inc., a yen-denominated stablecoin issuer, scheduled for April through a loan from the parent company.

The strategic rationale ties directly to Japan's regulatory timeline.

The country expects to reclassify bitcoin as a regulated financial asset by January 2028, which Metaplanet argues will require massive domestic infrastructure build-out across custody, settlement, compliance, lending, and payment rails that doesn't yet exist at scale.

As such, Metaplanet was careful to note that its "core focus remains the accumulation and long term holding of Bitcoin as a treasury reserve asset, unchanged."

Meanwhile, the company said it expects no material impact on consolidated financial results for the fiscal year ending December 31, 2026.