Metaplanet to open US arm, plans to raise $250M for Bitcoin strategy
The post Metaplanet to open US arm, plans to raise $250M for Bitcoin strategy appeared on BitcoinEthereumNews.com.
Metaplanet — a Japanese company focused on accumulating Bitcoin — announced it will launch a United States-based subsidiary. In a May 1 X post, Metaplanet announced that the firm is launching a wholly owned subsidiary in Florida. Furthermore, the new subsidiary is expected to raise up to $250 million of capital to fuel its Bitcoin (BTC) accumulation strategy and tap US institutional investors. In a separate announcement, Metaplanet cites Miami as the city that will host the new subsidiary’s headquarters. The firm points to Florida as a particularly favorable environment: “Florida, a rapidly emerging hub for Bitcoin focused companies and financial innovation, recognized for its business-friendly policies and rising status as a global center of capital and technology.” The company explained that it decided to go to Florida due to its pro-Bitcoin environment, which purportedly led to Bitcoin corporate adoption and financial liberalization. The new subsidiary is also expected to expand the company’s operations into a new timezone. Related: Eric Trump joins Metaplanet’s strategic board of advisers Florida: a crypto stronghold Metaplanet’s commentary follows Florida’s progress in becoming one of the most Bitcoin-friendly US states. In April, Florida’s House Insurance and Banking Committee approved a bill that would allow the State Treasury to invest in Bitcoin — the bill was proposed in early February. The cryptocurrency industry has a strong foothold in Florida and is also intertwined with its political landscape. Two Republicans who received a combined $1.5 million from the crypto-backed political action committee (PAC) Fairshake will enter the US House after winning special elections in Florida. Mid-February analysis also showed that the Florida Retirement System’s State Board of Administration fund held 160,470 Strategy shares worth $46 million at the time. Strategy — previously known as MicroStrategy — is Metaplanet’s bigger brother: a company entirely focused on accumulating Bitcoin and its…
Filed under: News - @ May 1, 2025 10:28 pm