Metaplanet Expands in US:- The race to acquire Bitcoin as treasury asset is heating up. In the past week, two new Bitcoin strategic acquisition companies, 21 Capital, and Janover (for Solana) have already emerged on the landscape.
In this scenario, the old and dominant players of the industry are trying to ramp up their number of BTC acquisitions.
In a latest move, Metaplanet Inc. has also striked a major move on Thursday. The Tokyo-listed Bitcoin Treasury company, Metaplanet, is now expanding into the US with a new wholly-owned subsidiary.
Dubbed as “Metapoabet Treasury Corp.”, the new susbdiary is set to be established in Florida, US.
Metaplanet New Subsidiary Taps into BTC Race
Before today’s new Metaplanet subsidiary update, the firm’s only corporate base was its headquarters in Tokyo, Japan.
The firm has been a Tokyo-listed company since 1999 and began its Bitcoin acquistion plans last year with just 97.8 BTC.
With the new US subsidiary, it aims to embark on its global expansion. The new Metaplanet Treasury Corp. will support the parent Metaplanet’s Bitcoin Acquisition strategies in US.
It is expected to raise up to $250 million in capital. This will be used for accelerating its Bitcoin Acquisition strategy particularly in US market.
Overall, the new subsidiary is expected to a support Metaplanet’s Bitcoin strategy in US while enhancing liquidity and treasury flexibility.
At the moment, the firm has 5,000 BTC in Total Bitcoin Holdings. It made its latest purchase on April 24 adding 145 $BTC to its April 21 stack of 4,856 BTC.
This comes as the Bitcoin price has crossed the $95 mark and is currently eying the $96,000 mark.
Why Metaplanet Chose Florida as the New Subsidiary Site
The firm’s decision to choose Florida as the site of its new susbdiary is also significant. The state is gaining prominence as a new crypto hub with new crypto bills and initiatives. This comes as the Trump administration and new SEC Chair Paul Altkins continue to augur well for the pro-crypto landscape in US.
Metaplanet CEO Simon Gerovich said in a X post, “The reason for choosing Florida is clear: the state is rapidly emerging as a global hub for Bitcoin innovation, corporate adoption and financial liberalization.”
Last month, the unanimously voted Florida House Insurance and Banking Committee Bill passed for public crypto adoption. The bill empowered the state to hold Bitcoin as a reserve asset and allocate up to 10% of various state funds.
Florida CFO Jimmy Patronis has also indicated that the state already holds approximately $800 million in crypto-related assets. Florida is also exploring adding Bitcoin to public pension portfolios as a “digital gold” hedge against inflatio
What’s Next for the BTC Acquisition Race
Metaplanet’s decision to expand into US comes as the dominant players continue to take centre stage.
Michael Saylor’s MicroStrategy (now rebranded as Strategy) made its latest purchase on April 28. The company purchased 15,355 BTC for approximately $1.42 billion, bringing its total holdings to 553,555 BTC.
The TradeFi giant BlackRock is also ramping up its Bitcoin acquistion strategy. BlackRock’s most recent Bitcoin buy occurred on May 1, 2025, when its iShares Bitcoin Trust (IBIT) acquired approximately $267 million worth of BTC.
Infact, Strategy and BlackRock are locked into a fierce competition. Both are expected to cross 1 million BTC mark soon with the debate going on about who will cross it soon.
Thus, the recent new subsidiary decision of Metaplanet comes as another bullish chapter in the ongoing BTC arms race.
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