Metaplanet to Establish US Subsidiary, Seeks $250M to Boost Bitcoin Strategy
Metaplanet Inc. plans to establish a wholly owned subsidiary, Metaplanet Treasury Corp., in Florida, aiming to raise $250 million to enhance its Bitcoin treasury strategy. The Tokyo-listed firm recently surpassed 5,000 BTC and seeks to expand access to U.S. institutional investors while improving operational capabilities across time zones. Florida was chosen due to its emerging status as a hub for Bitcoin innovation and corporate adoption. Metaplanet aims to increase its Bitcoin holdings by 470% within the year, targeting 10,000 BTC. The company has grown its Bitcoin stash from 97.8 BTC in April last year to over 5,000 BTC, valued at approximately $473 million. This growth was supported by a $745 million capital raise, described as "Asia's largest-ever." Metaplanet tracks its Bitcoin accumulation efficiency with a metric called "BTC Yield," which reached 95.6% in Q1 this year.
