Tokyo-based Metaplanet is establishing a wholly owned subsidiary in Florida named Metaplanet Treasury Corp., doubling down on its bitcoin (BTC)-focused treasury strategy that has made it the largest public BTC holder in Asia.
The new entity will be capitalized with up to $250 million and serve as Metaplanet’s dedicated U.S. vehicle for treasury operations. The company said the move would support round-the-clock operations across global time zones and expand its access to institutional capital in the U.S.
Florida was selected for its growing reputation as a hub for Bitcoin innovation and corporate adoption.
“The state is rapidly emerging as a global hub where Bitcoin innovation, corporate adoption, and financial liberalization are accelerating,” Metaplanet CEO Simon Gerovich, said in an X post translated from its original Japanese.
The development follows Metaplanet’s series of recent bitcoin purchases, with the latest a 145 BTC purchase last week that brought total holdings to 5,000 bitcoin.
Its approach has increasingly drawn comparisons to Strategy (MSTR), the U.S.-based business intelligence-turned-bitcoin investment firm whose aggressive accumulation of BTC has become central to its corporate identity.
The firm plans to invest as much as $250 million in the Florida-based treasury vehicle. Markets, MetaPlanet, Florida, Bitcoin, Top Stories, News CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
