What to know:
- Tokyo-based Metaplanet will establish a subsidiary in Florida, Metaplanet Treasury Corp., to enhance its bitcoin treasury strategy.
- The new entity will be capitalized with up to $250 million to support global operations and access U.S. institutional capital.
- Florida was chosen for its reputation as a hub for Bitcoin innovation and corporate adoption.
In simple terms, the company Metaplanet, based in Tokyo, is creating a new company entirely owned by them in Florida called Metaplanet Treasury Corp. This move signifies their commitment to expanding their bitcoin (BTC) focused treasury approach, which has already made them the largest public BTC holder in Asia.
The new entity, worth up to $250 million, will be specially established as Metaplanet’s American branch, primarily focusing on treasury functions. This step is intended to facilitate round-the-clock operations across various time zones worldwide and enhance its ties with institutional capital within the United States.
Florida was chosen due to its increasing status as a center for Bitcoin advancements and business integration.
In a recent post, Metaplanet CEO Simon Gerovich stated that the state is swiftly becoming a worldwide center for rapid advancements in Bitcoin technology, corporate acceptance, and financial deregulation, as originally expressed in Japanese.
メタプラネットは、グローバル展開戦略の一環として、米国フロリダ州に100%子会社「Metaplanet Treasury…
— Simon Gerovich (@gerovich) April 30, 2025
The progression in acquisitions is consistent with Metaplanet’s recent Bitcoin buying spree, culminating in a purchase of 145 Bitcoins last week, adding up to a total ownership of 5,000 Bitcoins now.
The manner in which it operates is becoming more frequently likened to MicroStrategy (MSTR), a U.S. company that started with business intelligence but now primarily invests in Bitcoin. Its significant acquisition of Bitcoin is now a defining aspect of its corporate persona.
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2025-05-01 14:16