Metaplanet, the Tokyo-based firm making headlines for its aggressive Bitcoin strategy, is setting its sights on the U.S. by launching a new subsidiary in Florida.
The entity, named Metaplanet Treasury Corp., will serve as the company’s American outpost for managing digital asset reserves, with up to $250 million in capitalization earmarked for operations.
This move strengthens Metaplanet’s commitment to Bitcoin as a treasury asset and aligns its activity across global time zones.
The firm aims to tap into deeper institutional funding opportunities in the U.S. market, building on momentum from its recent BTC acquisitions—most notably a 145-bitcoin purchase that pushed its total holdings to 5,000 BTC.
Florida was chosen as the launchpad thanks to its fast-growing reputation as a magnet for Bitcoin-focused enterprises and policy shifts favoring crypto adoption. In a translated statement, CEO Simon Gerovich noted the state’s increasing role in global Bitcoin innovation and financial decentralization.
Metaplanet’s growing resemblance to U.S. firm MicroStrategy hasn’t gone unnoticed. Like MSTR, the company is becoming known less for its original business and more for its identity as a Bitcoin-holding powerhouse.
Analyzing the latest updates shared by Wu Blockchain, this past week underscored a pivotal shift in the crypto landscape. Bitcoin surged to a new all-time high of $123,226, pushing the overall crypto market cap beyond $4 trillion—a milestone reflecting renewed investor confidence and accelerating institutional flows.
Charles Schwab is preparing to roll out spot Bitcoin and Ethereum trading, according to CEO Rick Wurster during the firm’s latest earnings call.
According to data shared by Wu Blockchain, over $5.8 billion in crypto options expired today, with Ethereum leading the action.
BlackRock is seeking to enhance its iShares Ethereum Trust (ticker: ETHA) by incorporating staking features, according to a new filing with the U.S. Securities and Exchange Commission (SEC) submitted Thursday.