Metaplanet establishes Bitcoin subsidiary in Florida, USA - Capital is up to 35.7 billion yen | CoinDesk JAPAN

Metaplanet, which is advancing its Bitcoin (BTC) holding strategy, announced on May 1 that it has established a wholly-owned subsidiary, “Metaplanet Treasury Corporation,” in Miami, Florida, aimed at the holding, management, and operation of Bitcoin.

The company has acquired Bitcoin as the foundation of its financial strategy, and its holdings have reached 5000 BTC, positioning it at 11th place in the global ranking of companies holding Bitcoin (Bitcoin Treasuries).

The establishment of this US subsidiary will further accelerate this strategy.

Florida, chosen as the base, is known as a region that shows a proactive stance toward involvement in cryptocurrencies at the state level, as reported by CoinDesk JAPAN in November 2024, with the state itself already holding a cryptocurrency portfolio worth approximately $800 million at that time, and the state treasurer recommending cryptocurrency investments by pension funds.

Related article: Florida’s Chief Financial Officer says he wouldn’t be surprised if the state’s $800 million in cryptocurrency “expanded under the Trump administration”

Metaplanet aims to leverage this environment.

The new subsidiary will be responsible for enhancing access to liquidity pools for institutional investors, improving the agility of treasury operations in a global market that operates 24/7, and strengthening strategic positioning in the U.S. market for efficient Bitcoin acquisition.

The establishment is scheduled for May 2025, with an investment of 250 million dollars (approximately 35.7 billion yen, based on an exchange rate of 143 yen per dollar. The initial amount at establishment will be 10 million dollars).

Metaplanet owns 100% of the shares.

The company has indicated its policy to enhance its responsiveness to market changes by strengthening its international organizational structure in collaboration with its existing entity in the British Virgin Islands.