1-5-2025 – Metaplanet Inc., a Tokyo-listed investment powerhouse, has unveiled plans to launch a wholly owned subsidiary in Florida, christened Metaplanet Treasury Corp. This strategic manoeuvre, aimed at amassing $250 million in capital, seeks to turbocharge the firm’s ambitious Bitcoin treasury strategy while deepening its foothold in the US financial landscape.
Florida as a Bitcoin beacon
The choice of Florida is no accident. As articulated by Metaplanet’s CEO, Simon Gerovich, in a tweet on Wednesday, the state is swiftly carving out a reputation as a crucible for Bitcoin innovation and corporate adoption, underpinned by its progressive financial policies. This new entity, yet to appear in Florida’s business registry, is poised to harness the state’s burgeoning status as a global crypto hub, offering Metaplanet seamless access to US institutional investors and round-the-clock operational agility across time zones.
Metaplanet’s playbook draws inspiration from Michael Saylor’s trailblazing corporate Bitcoin strategy at MicroStrategy, positioning the Japanese firm as Asia’s counterpoint to the industry titan. The Florida subsidiary is a cornerstone in this vision, designed to amplify liquidity channels within one of the world’s preeminent capital markets. With an eye on scaling its Bitcoin reserves by 470% to reach 10,000 BTC within the year, Metaplanet is doubling down on its accumulation drive, which began modestly in April 2024 with 97.8 BTC. This month alone, the firm snapped up 1,650 BTC, valued at approximately $156 million, funded by a record-breaking $745 million capital raise—touted as Asia’s largest—structured through zero-discount moving strike warrants.
Innovative financing and performance metrics
The use of strike warrants, akin to equity derivatives, grants investors the flexibility to buy Metaplanet shares at a dynamic strike price, a novel approach that has fuelled its aggressive Bitcoin acquisitions. The firm gauges its accumulation prowess through a bespoke metric, “BTC Yield,” which measures Bitcoin holdings against outstanding shares. This indicator soared to 95.6% in Q1 2025, a meteoric rise from 42% to 310% over the previous year, underscoring Metaplanet’s knack for outpacing share issuance with Bitcoin purchases. Bitcoin Treasuries data reveals the firm now commands 5,000 BTC, worth $473 million, securing its place as the 11th largest Bitcoin-holding entity globally.
Strategic alliances and future ambitions
The Florida venture follows Metaplanet’s high-profile appointment of Eric Trump to its strategic advisory board, a move signalling its intent to bridge transatlantic financial networks. By establishing Metaplanet Treasury Corp., the firm aims to fortify its operational resilience and cement its standing in the US market. While Gerovich has yet to respond to inquiries from Decrypt, the CEO’s vision is clear: this subsidiary will not only accelerate Metaplanet’s Bitcoin strategy but also position it as a formidable player in the global crypto arena, blending Eastern innovation with Western opportunity.
