Key Takeaways
- Metaplanet will open a U.S. subsidiary in Miami to expand its Bitcoin strategy.
- The firm plans to raise up to $250 million for Bitcoin treasury operations.
- Metaplanet currently holds 5,000 BTC and targets 21,000 BTC by 2026.
Metaplanet, a Tokyo-listed investment firm, announced plans to open a wholly owned U.S. subsidiary in Miami, Florida, as it accelerates its Bitcoin accumulation strategy.
The new entity, Metaplanet Treasury Corp., will open this month and is designed to improve access to U.S. capital markets and institutional Bitcoin acquisition.
Capital raising & initial operations
The firm revealed it intends to raise up to $250 million through the new U.S. unit to expand its Bitcoin treasury.
It will begin operations with $10 million in capital.
Strategic importance of Florida
CEO Simon Gerovich said in a statement:
Florida is rapidly emerging as a global hub for Bitcoin innovation, corporate adoption, and financial liberalization.
Current Bitcoin holdings & future goals
Metaplanet began its Bitcoin strategy in April 2024 and currently holds 5,000 BTC worth around $475 million, halfway to its 2025 goal of 10,000 BTC.
The firm ultimately aims to reach 21,000 BTC by the end of 2026.
Its holdings now place it among the top ten corporate Bitcoin accumulators, alongside Strategy (formerly MicroStrategy), Tesla, Block, and MARA.
Strategic board appointment
The expansion follows Metaplanet’s appointment of Bitcoin Magazine CEO David Bailey to its strategic board.
Bailey has been influential in shaping former President Trump’s pro-Bitcoin stance.
Stock performance & financial outlook
The company’s stock has surged more than 1,260% in the last year, closing Thursday at 394 yen ($2.73).
Metaplanet stated the financial impact of the U.S. expansion will be limited for 2025 but crucial for long-term strategic flexibility.
