Metaplanet, a Tokyo-based company, is launching a new subsidiary called Metaplanet Treasury Corp. in Florida to expand its $BTC
Bitcoin treasury operations. This subsidiary will receive up to $250 million in funding to support its global activities and increase its access to institutional capital in the U.S. The choice of Florida is strategic, as the state is becoming a recognized hub for $BTC Bitcoin innovation and business integration.
With this move, Metaplanet aims to enhance its operations across different time zones and reinforce its position as the largest public Bitcoin holder in Asia. The company’s continued investment in Bitcoin, including its recent acquisition of 145 BTC, brings its total holdings to 5,000 BTC. This approach has drawn comparisons to MSTR, the U.S.-based firm known for its heavy Bitcoin investments.
Metaplanet's CEO, Simon Gerovich, highlighted the significance of Florida as a key location for$BTC Bitcoin-related growth, making it an ideal base for their new treasury strategy.
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