Metaplanet Expands US Operations, Raises $23M for Bitcoin Purchases
2min read Metaplanet, a Japanese bitcoin treasury firm, has significantly expanded its operations and Bitcoin holdings through strategic initiatives in both Japan and the United States. The company has established a new US-based subsidiary in Miami, Florida, and raised additional capital through bond issuance as part of its aggressive Bitcoin acquisition strategy.
The Tokyo-based company announced the creation of a wholly-owned subsidiary called Metaplanet Treasury Corp. in Miami, Florida. This new entity will focus exclusively on Bitcoin accumulation and related treasury operations with access to up to $250 million in capital. The strategic location in Florida was chosen for its bitcoin-friendly business environment and status as a hub for crypto innovation. This move gives Metaplanet access to deeper institutional capital pools in the US market and allows the company to increase transaction execution speed.
The new US subsidiary will be led by two directors: parent company CEO Simon Gerovich and Dylan LeClair, a Bitcoin analyst who joined Metaplanet last year to help implement its Bitcoin treasury strategy. Gerovich noted that the expansion “will strengthen our around-the-clock operational capabilities across time zones, further strengthen our strategic position in the U.S. market, and mark an important step in Metaplanet’s evolution as a global Bitcoin treasury company.”
In parallel with its US expansion, Metaplanet has raised additional capital in Japan. The company issued 3.6 billion JPY (approximately $23 million) in ordinary bonds to fund further Bitcoin purchases. This represents Metaplanet’s 12th issuance of ordinary bonds. The new bonds will not bear interest and will be redeemable at face value at the end of October 2025. The company explicitly stated that “the proceeds raised through this issuance will be allocated to the purchase of Bitcoin, in accordance with the stated use of funds.” At current market prices, the $23 million raised could purchase approximately 250 Bitcoin.
Metaplanet recently reached a milestone of 5,000 Bitcoin after purchasing 145 BTC in late April. The company has set an ambitious target of accumulating 10,000 Bitcoin by the end of 2025, and its recent fundraising efforts support this goal. The new US subsidiary, launched with $250 million in operating capital, has the potential to acquire up to 2,777 BTC at current prices. This would represent a major step toward the company’s 10,000 BTC target.
Metaplanet has been following a strategy similar to MicroStrategy, another company known for its Bitcoin treasury approach. Both companies have seen substantial paper gains from their Bitcoin holdings in 2025, with Metaplanet reportedly gaining $200 million from its Q1 Bitcoin accumulation alone. The company has also strengthened its advisory team by appointing David Bailey to its Strategic Board of Advisors, joining Eric Trump. These moves suggest Metaplanet is positioning itself for even larger Bitcoin purchases in the future.
Metaplanet’s pivot to a Bitcoin treasury strategy occurred last year when the company shifted away from its previous focus on hotel development. The latest moves indicate the company is fully committed to its new direction as a global Bitcoin treasury company. 
