Metaplanet to open US arm, plans to raise $250M for Bitcoin strategy

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Metaplanet — a Japanese institution focused connected accumulating Bitcoin — announced it volition motorboat a United States-based subsidiary.

In a May 1 X post, Metaplanet announced that the steadfast is launching a wholly owned subsidiary successful Florida. Furthermore, the caller subsidiary is expected to rise up to $250 cardinal of superior to substance its Bitcoin (BTC) accumulation strategy and pat US organization investors.

In a abstracted announcement, Metaplanet cites Miami arsenic the metropolis that volition big the caller subsidiary’s headquarters. The steadfast points to Florida arsenic a peculiarly favorable environment:

“Florida, a rapidly emerging hub for Bitcoin focused companies and fiscal innovation, recognized for its business-friendly policies and rising presumption arsenic a planetary halfway of superior and technology.”

The institution explained that it decided to spell to Florida owed to its pro-Bitcoin environment, which purportedly led to Bitcoin firm adoption and fiscal liberalization. The caller subsidiary is besides expected to grow the company’s operations into a caller timezone.

Florida: a crypto stronghold

Metaplanet’s commentary follows Florida's advancement successful becoming 1 of the astir Bitcoin-friendly US states. In April, Florida’s House Insurance and Banking Committee approved a measure that would allow the State Treasury to put successful Bitcoin — the measure was proposed successful aboriginal February.

The cryptocurrency manufacture has a beardown foothold successful Florida and is besides intertwined with its governmental landscape. Two Republicans who received a combined $1.5 cardinal from the crypto-backed governmental enactment committee (PAC) Fairshake volition participate the US House aft winning peculiar elections successful Florida.

Mid-February investigation besides showed that the Florida Retirement System's State Board of Administration fund held 160,470 Strategy shares worthy $46 million astatine the time. Strategy — antecedently known arsenic MicroStrategy — is Metaplanet’s bigger brother: a institution wholly focused connected accumulating Bitcoin and its apical firm holder.

That study followed Florida main fiscal serviceman Jimmy Patronis suggesting that the bureau that manages the state’s status funds to see investing successful Bitcoin. He shared his ideas with the Florida State Board of Administration’s enforcement director, Chris Spencer, in a missive sent successful precocious October 2024.

Metaplanet continues to grow

According to Metplanet’s website, the steadfast presently holds precisely 5,000 Bitcoin worthy $474.7 cardinal astatine the clip of writing. While this is simply a acold outcry from Strategy’s holdings, which transcend 2% of each Bitcoin that volition ever beryllium mined, it is simply a 184% summation from the firm’s holdings of 1,762 BTC connected the archetypal time of 2025.

At the opening of April, Metaplanet announced its acquisition of 696 BTC for 10.2 cardinal yen ($67 million). Later that aforesaid month, the steadfast acquired 330 Bitcoin for $28.2 million astatine an mean terms of $85,605 per BTC, bringing its full holdings to 4,855. Then, toward the extremity of the month, the steadfast bought an further 145 BTC for 1.9 cardinal Japanese yen (around $13.4 million), boosting its full holdings to 5,000 BTC.

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