Metaplanet announced it will launch a US-based subsidiary to expand its Bitcoin accumulation strategy, aiming to raise up to $250 million and tap into US institutional investors.
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:
