Metaplanet has expanded its Bitcoin accumulation business by establishing a new US-based subsidiary, Metaplanet Treasury Corp, headquartered in Florida. With an initial funding of US$10 million, the subsidiary plans to allocate up to US$250 million to support its Bitcoin investment strategy, utilizing internally secured capital.
This strategic move aims to strengthen Metaplanet's institutional presence in the US and extend its operational reach into the North American timezone.
According to CEO Simon Gerovich, Florida was selected for its favorable regulatory climate and growing prominence as a hub for corporate Bitcoin activity. The move also aligns with the upcoming Bitcoin for Corporations 2025 conference in Orlando, where Gerovich is scheduled to speak alongside major industry figures.
Florida continues to gain attention for its supportive stance on Bitcoin adoption and crypto innovation. The state recently advanced legislation allowing its treasury to invest in Bitcoin. This follows active political engagement from crypto-backed entities and increasing institutional exposure within state funds.
In February, Florida’s Retirement System fund held US$46 million worth of Strategy shares—Strategy is the largest public corporate holder of Bitcoin. The influence of companies like Strategy appears to guide other firms, such as Metaplanet, toward similar aggressive Bitcoin acquisition strategies.
Florida's policy environment and its growing base of pro-crypto legislators have contributed to its rising status as a financial and technological hub. Metaplanet’s entry adds to the momentum, potentially paving the way for further regional institutional adoption.
Metaplanet has rapidly increased its Bitcoin holdings over the past month, acquiring 1,650 BTC to bring its total to 5,000 BTC, valued at approximately US$467 million. The company has publicly stated its goal of doubling its holdings to 10,000 BTC by the end of 2025 and reaching 21,000 BTC by the end of 2026.
Metaplanet acquired three significant purchases in April through multiple transactions exceeding US$100 million. Stock prices increased by more than 1200% throughout the previous year, and a 2.6% gain was noted after the latest facility expansion announcement. The Florida subsidiary launch preceding the Orlando Bitcoin conference shows Metaplanet's drive to establish itself as an association with established institutional buyers.