Metaplanet Strengthens Bitcoin Strategy with $250 Million Investment in Florida Treasury Subsidiary
Tokyo-based Metaplanet is deepening its commitment to bitcoin as it establishes a new wholly owned subsidiary, Metaplanet Treasury Corp., in Florida. The company plans to invest up to $250 million in this new entity, designed to bolster its bitcoin-focused treasury operations and expand its influence in the U.S. market.
The Florida location was chosen for its growing reputation as a hub for Bitcoin innovation and corporate adoption, aligning with Metaplanet’s goal to scale its operations globally. The new subsidiary will enable round-the-clock operations across different time zones, while providing greater access to institutional capital in the U.S. market.
Metaplanet’s CEO, Simon Gerovich, highlighted Florida’s increasing prominence in the Bitcoin space, stating, “Florida is rapidly becoming a leading hub for Bitcoin innovation, corporate adoption, and financial liberalization.”
This move follows Metaplanet’s recent accumulation of bitcoin, including a recent purchase of 145 BTC, bringing its total holdings to 5,000 BTC. The firm’s strategy mirrors that of U.S.-based business intelligence firm Strategy (MSTR), which has garnered attention for its aggressive bitcoin investment approach.
