ZyCrypto 2025-05-01 16:06:44

Metaplanet Will Establish US Subsidiary, Raise $250 Million To Enhance Its Bitcoin Treasury Strategy

Japanese investment firm Metaplanet announced on May 1 that it is establishing a wholly owned subsidiary in Miami, Florida, further solidifying its bold Bitcoin (BTC)-focused treasury strategy, which has made it the largest corporate holder of the benchmark cryptocurrency in Asia. Metaplanet Plans To Raise $250 Million For Its New Florida Arm The Tokyo-listed investment firm will operate its new entity, Metaplanet Treasury Corp., to tap into U.S. institutional investors and support round-the-clock operations across different time zones. Metaplanet selected Florida due to its increasing reputation as a hub for Bitcoin innovation and corporate adoption: “The reason for choosing Florida is clear: the state is rapidly emerging as a global hub for Bitcoin innovation, corporate adoption, and financial liberalization,” a Wednesday post on X from Metaplanet CEO Simon Gerovich explained. “With planned capital of up to $250 million, this move will accelerate its Bitcoin treasury strategy and serve as a crucial step in expanding access to liquidity for institutional investors in one of the world’s leading capital markets,” Gerovich continued. The creation of a U.S. arm follows Metaplanet’s appointment of Eric Trump, the son of U.S. President Donald Trump, to its strategic advisory board. Beyond the company’s goal of reaching 10,000 BTC in 2025, it has set a target of 21,000 BTC by the end of 2026. Bitcoin Accumulation Strategy Metaplanet has been actively buying the apex cryptocurrency since it formally adopted the Bitcoin treasury strategy in April 2024, surpassing the 5,000 BTC threshold last week after its latest 145 BTC buy, which is 50% of its year-end target. That was financed by what Metaplanet described as “Asia’s largest-ever” capital raise of $745 million, structured around zero-discount moving strike warrants. Metaplanet’s approach mirrors the Bitcoin playbook pioneered by Michael Saylor’s Bitcoin development company, Strategy. Earlier this week, Strategy announced the acquisition of an additional 15,355 BTC for $1.4 billion, pushing its substantial stack to 553,555 BTC , valued at over $52 billion. This figure exceeds 2% of all Bitcoins that will ever be mined.