Japan-based Bitcoin-focused firm Metaplanet is setting up a U.S. subsidiary in Florida as part of its expanded strategy to accumulate Bitcoin, with plans to raise up to $250 million and attract interest from U.S. institutional investors.
Metaplanet Launches US Subsidiary in Florida, Aims to Raise $250 Million for Bitcoin Strategy
Metaplanet confirmed that it has established a wholly owned subsidiary headquartered in Miami, citing the state’s pro-Bitcoin stance, financial innovation environment, and supportive regulatory climate as key reasons behind the move.
“As a rapidly developing hub for Bitcoin-focused companies and financial innovation, Florida is known for its business-friendly policies and rising status as a global capital and technology hub,” the company said.
The new US arm aims not only to attract new capital from American investors, but also to expand Metaplanet’s scope into a new time zone, increasing its global footprint and relevance.
The move comes amid growing crypto momentum in Florida, where lawmakers and political figures have been actively pushing for deeper integration of Bitcoin into state-level fiscal policy. In April, the Florida House Insurance and Banking Committee passed legislation that would allow the state treasury to invest in Bitcoin.
Florida’s crypto-friendly environment is further bolstered by political donations from crypto-backed PACs like Fairshake and figures like CFO Jimmy Patronis, who last year encouraged the Florida Retirement System to consider allocating a portion of its assets to Bitcoin.
Recent filings revealed that the Florida Retirement System owns more than 160,000 shares of Strategy, formerly known as MicroStrategy, the largest institutional holder of Bitcoin, indicating increasing institutional alignment with digital asset investment strategies.
Metaplanet has rapidly increased its Bitcoin holdings this year. The company holds exactly 5,000 BTC worth approximately $474.7 million as of May 1, an increase of 184% since January 1, when it held just 1,762 BTC.
*This is not investment advice.
Continue Reading: Japan-Based Investment Firm Metaplanet Decided to Expand to America! Here Are the Details
