Metaplanet is set to enhance its Bitcoin operations by launching a fully-owned subsidiary in Florida, a state rapidly becoming a key player in the cryptocurrency sector.
CEO Simon Gerovich announced the initiative via X, detailing plans to invest up to $250 million to boost the company’s Bitcoin treasury strategy.
“Metaplanet has determined to establish a wholly-owned subsidiary named ‘Metaplanet Treasury Corp.’ in Florida, USA, as part of our overarching global expansion strategy,” he stated.
He emphasized that the infusion of planned capital of up to $250 million will accelerate the company’s treasury strategy while significantly enhancing liquidity access for institutional investors in one of the world’s preeminent capital markets.
メタプラネットは、グローバル展開戦略の一環として、米国フロリダ州に100%子会社「Metaplanet Treasury… pic.twitter.com/1VYWPz9Eoe
— Simon Gerovich (@gerovich) April 30, 2025
The Japanese investment firm revealed that it is already halfway towards its goal of accumulating 10,000 BTC by year-end. The establishment of the new subsidiary is expected to support this objective by facilitating 24-hour operations across different time zones, Gerovich noted.
Metaplanet Chooses Florida as its US Base
Gerovich expressed enthusiasm for the choice of Florida as its US office location, describing it as a “rapidly emerging” global hub for cryptocurrency innovation.
“The rationale behind selecting Florida is straightforward,” Gerovich stated. “The state is swiftly evolving into a central hub where Bitcoin innovation, corporate adoption, and financial liberalization are advancing rapidly.”
He further indicated that the establishment of this subsidiary will significantly bolster Metaplanet’s strategic standing in the US market.
Implications of Florida’s Bitcoin Investment Initiatives
Florida has long positioned itself as a nexus for cryptocurrency and blockchain innovation, drawing in startups and investors alike.
Recently, the Florida House Insurance and Banking Committee passed a Bitcoin reserve bill unanimously, marking a significant legislative step. The bill will need to clear three more committees before reaching the House for further consideration.
According to Bitcoin Laws, which tracks cryptocurrency legislative progress in the US, Florida currently ranks sixth in the quest to become the first state to establish a strategic Bitcoin reserve.
Source: Bitcoin Laws
Should the bill pass, it could have far-reaching economic consequences, including the diversification of state assets and the attraction of additional cryptocurrency-related businesses.
Moreover, Jimmy Patronis, the state’s Chief Financial Officer, has stated that Florida holds around $800 million in crypto-related investments and has proposed the inclusion of Bitcoin in state pension funds, referring to it as “digital gold.”
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