Metaplanet Bolsters Bitcoin Strategy with New U.S. Treasury Subsidiary in Florida
Tokyo-based Metaplanet is doubling down on its Bitcoin commitment by launching Metaplanet Treasury Corp., a Florida-based subsidiary. With a capitalization of up to $250 million, this move aims to streamline global Bitcoin operations and attract institutional capital.
Metaplanet Expands Bitcoin Strategy with U.S. Treasury Subsidiary in Florida
Tokyo-based Metaplanet is deepening its commitment to Bitcoin by establishing Metaplanet Treasury Corp., a wholly owned subsidiary in Florida. The new entity, capitalized with up to $250 million, will serve as the firm’s dedicated U.S. vehicle for Bitcoin-focused treasury operations. This move aims to enable 24/7 global operations and enhance access to institutional capital.
Florida was chosen for its burgeoning reputation as a hub for Bitcoin innovation and corporate adoption. "The state is rapidly emerging as a global hub where Bitcoin innovation, corporate adoption, and financial liberalization are accelerating," said Metaplanet CEO Simon Gerovich in a translated X post.
Metaplanet’s aggressive Bitcoin treasury strategy has already positioned it as Asia’s largest public holder of BTC. The Florida subsidiary marks a strategic expansion into the U.S. market, reflecting growing institutional confidence in Bitcoin as a reserve asset.
Bitcoin’s Rebound From $93K: $96.5K the Next Target
Bitcoin demonstrated resilience after a brief dip below $93,000, rebounding swiftly to trade above $94,000. The recovery was fueled by strong spot buying activity, particularly on Binance, where trading volume surged 15% with 12,500 BTC changing hands. market sentiment appears bullish as buyers absorb selling pressure.
Key resistance lies at $95,500, while support levels hold firm at $93,000 and $94,200. The rapid recovery from the support test suggests accumulating demand could propel Bitcoin toward its next target of $96,500. Exchange data reveals coordinated buying across major platforms during the dip.
BTC Price – Profits Surge 21%, Final Bull Run Just Beginning?
Bitcoin’s market value has surged, with the MVRV ratio climbing 21.84% over three weeks, signaling rising unrealized profits across the network. The metric, now at 2.12, remains below historical bull market peaks of 3.5 to 4.0, suggesting room for further upside.
As BTC’s price appreciation accelerates, short-term holders are increasingly taking profits. Yet the broader market structure hints at an early-stage rally rather than a cycle top—echoing patterns seen in prior bull runs.
Malaysian Police Dismantle Illegal Bitcoin Mining Operation
Malaysian authorities have seized 45 Bitcoin mining machines valued at approximately $52,145 in a raid targeting illegal operations in Hulu Terengganu and Marang districts. The illicit setup siphoned nearly $8,342 monthly from the national power grid, compounding Malaysia’s estimated $722 million losses from unauthorized crypto mining activities.
Police confiscated hardware and auxiliary equipment, marking another escalation in the country’s crackdown on energy-intensive clandestine mining. International crime syndicates increasingly exploit Southeast Asian infrastructure for such operations, drawn by subsidized electricity rates.
The $12,000 vs $300,000 Bitcoin — Why Mining Location Matters More Than Ever
The cost of mining a single Bitcoin varies wildly across the globe, from $8,000 in Ethiopia to over $320,000 in Ireland. This fortyfold disparity highlights how energy policy, infrastructure, and local grids create stark economic realities for miners, even as the underlying code remains unchanged.
With the Bitcoin halving event looming, the question isn’t whether all miners will be affected—but how unevenly. High-cost jurisdictions face existential threats, while low-cost regions stand to consolidate power. The risk? Excessive concentration in too few hands could undermine the decentralized ethos of cryptocurrency.
Russia emerges as a middle ground, mining BTC at $39,000—a competitive edge that could reshape global mining geography post-halving. The numbers don’t lie: where you mine matters more than what you mine in today’s fragmented energy landscape.
