Metaplanet Launches U.S. Subsidiary to Enhance Bitcoin Treasury Strategy
Tokyo-based Metaplanet is establishing a subsidiary in Florida called Metaplanet Treasury Corp. This move supports its bitcoin-focused treasury strategy and solidifies its position as the largest public BTC holder in Asia.
- The subsidiary will be capitalized with up to $250 million.
- It aims to enhance treasury operations across global time zones.
- The location was chosen for Florida's reputation as a hub for Bitcoin innovation and corporate adoption.
- CEO Simon Gerovich highlighted the state's accelerating financial liberalization.
- Metaplanet recently purchased 145 BTC, increasing total holdings to 5,000 BTC.
- The company's strategy draws comparisons to Strategy (MSTR), known for its aggressive BTC accumulation.