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Metaplanet Establishes U.S. Subsidiary, Doubles Down on Bitcoin Holdings

Coin WorldThursday, May 1, 2025 6:22 am ET

1min read

Metaplanet, a Tokyo-based company, has announced the establishment of a wholly owned subsidiary in Florida named Metaplanet Treasury Corp. This move is part of the company's strategy to double down on its bitcoin (BTC)-focused treasury operations, positioning itself as the largest public BTC holder in Asia.

The new subsidiary will be capitalized with up to $250 million and will serve as Metaplanet’s dedicated U.S. vehicle for treasury operations. The company aims to support round-the-clock operations across global time zones and expand its access to institutional capital in the U.S. by establishing this entity.

Florida was chosen for its growing reputation as a hub for Bitcoin innovation and corporate adoption. Metaplanet CEO Simon Gerovich highlighted the state's rapid emergence as a global center for Bitcoin innovation, corporate adoption, and financial liberalization. This strategic move aligns with Metaplanet's global expansion strategy, aiming to leverage Florida's favorable environment for Bitcoin-related activities.

The development comes on the heels of Metaplanet’s recent series of bitcoin purchases. The company's latest acquisition of 145 BTC last week brought its total holdings to 5,000 bitcoin. This aggressive accumulation strategy has drawn comparisons to microstrategy (MSTR), a U.S.-based business intelligence firm that has also made significant investments in BTC, making it a central part of its corporate identity.

Metaplanet's decision to establish a U.S. treasury arm underscores its commitment to growing its bitcoin reserves and expanding its operational capabilities. By capitalizing on Florida's supportive regulatory environment and growing Bitcoin ecosystem, Metaplanet aims to enhance its global presence and attract more institutional investors. This move is expected to further solidify Metaplanet's position as a leading player in the Bitcoin space, both in Asia and internationally.

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