Japanese investment company Metaplanet, which has made significant investments in the cryptocurrency sector, announced that it will establish a new subsidiary in the state of Florida, USA, to accelerate its global growth strategy. This new company, named Metaplanet Treasury Corp., aims to enhance the firm's access to international markets by focusing on Bitcoin accumulation and treasury operations.
As part of its Bitcoin acquisition strategy launched last April, Metaplanet increased its total Bitcoin reserves to 5,000 BTC ($475 million) with its latest purchase last week. The company aims to reach 10,000 BTC by the end of the year. The initial capital of the new subsidiary established in Miami will be $10 million, with plans to raise this amount to $250 million in the future.
Metaplanet CEO Simon Gerovich explained the reasons for choosing Miami. Gerovich stated that Florida has recently become a global hub in the Bitcoin and cryptocurrency sector, and that the state's business-friendly policies and openness to financial innovation were influential in this decision. He emphasized that this step would further strengthen the company's strategic position in the U.S. market.
On the other hand, Metaplanet recently included David Bailey, CEO of Bitcoin Magazine and a key figure in Trump’s pro-Bitcoin stance, in its strategic advisory board. The shares of the company, which is traded on the Tokyo Stock Exchange, have drawn attention by rising over 1,260% in the past year.
Metaplanet, which ranks among the top 10 institutional companies in the world in terms of Bitcoin reserves, competes with giants like Tesla, Block, and Michael Saylor’s Strategy company. Metaplanet's ultimate goal is to increase its reserves to 21,000 BTC by the end of 2026.
Among the companies that have increased their Bitcoin reserves recently is Semler Scientific, a healthcare technology firm traded on the Nasdaq stock exchange. The company recently announced that it had purchased an additional 165 BTC for $15.7 million.
The largest institutional Bitcoin investor, Strategy, strengthened its leading position in the sector by raising its reserves to approximately 553,555 BTC, or about $52 billion, with a new purchase of $1.4 billion on Monday.