Metaplanet to open US arm, plans to raise $250M for Bitcoin strategy
Metaplanet, a Japanese company focused on Bitcoin accumulation, will launch a wholly owned subsidiary in Florida, aiming to raise up to $250 million to attract US institutional investors. Miami will serve as the headquarters for this new subsidiary, which is positioned in Florida due to its pro-Bitcoin environment and business-friendly policies. Florida is becoming a significant hub for Bitcoin, with recent legislative developments allowing state investments in Bitcoin and strong political ties to the cryptocurrency industry. Metaplanet currently holds 5,000 Bitcoin, valued at approximately $474.7 million, reflecting a 184% increase from earlier holdings. Recent acquisitions include 696 BTC for $67 million and additional purchases totaling 475 BTC in April.
