According to BlockBeats, Japanese publicly traded company Metaplanet has established a U.S. subsidiary in Florida with a registered capital of $250 million. The new entity will concentrate on Bitcoin fund operations.

On April 24, Metaplanet increased its Bitcoin holdings by acquiring an additional 145 BTC, bringing its total holdings to 5,000 BTC. The average purchase price for these holdings is $85,621 per Bitcoin.