Metaplanet’s $250M Bitcoin Gamble: How a Florida Shell Company Became Its Secret Weapon

Tokyo-based Metaplanet just pulled a Wall Street special—burying its crypto ambitions in a Sunshine State subsidiary. Now it’s gunning for a quarter-billion in Bitcoin while traditional investors scratch their heads.

The Florida Flip: Why a Tokyo firm needed a US shell to go all-in on crypto

Watch the corporate contortions as Metaplanet routes its Bitcoin play through Jacksonville—because nothing says ’decentralized future’ like a good old-fashioned tax loophole. The $250M target would put it in the big leagues... if the SEC doesn’t start asking why a ’web3 consultancy’ needs that much digital gold.

Meanwhile, Goldman Sachs bankers are still trying to explain to clients why they can’t do the same thing without 47 compliance sign-offs.

• Metaplanet will establish a wholly owned subsidiary in Miami, Florida, this month.
• The company plans to raise $250 million to expand its bitcoin treasury strategy.
• Metaplanet Treasury Corp. will launch with $10 million in initial capital.

Japanese investment firm Metaplanet will establish a wholly owned U.S. subsidiary in Miami, Florida, this month. The move is part of its strategy to strengthen global operations and accelerate Bitcoin acquisition. The company plans to raise $250 million to scale its bitcoin treasury program through the new unit.

Metaplanet Expands Bitcoin Reach in Florida

On the other hand, Metaplanet Treasury Corp. will become operational in Florida as the subsidiary of Metaplanet with $10 million in capital. The new subsidiary works to improve treasury operations to allow direct U.S. institutional capital market access. The new entity supports faster transaction execution and better time zone liquidity management.

The company selected Florida because it is a leading center of bitcoin innovation and has an advantageous business environment. Metaplanet chose to establish operations in Miami because of its rising position in the digital asset market space. The modified entity will work with the company’s British Virgin Islands-based offshore unit.

U.S. UAS Development LLC obtains leadership from its principal force within the company, Simon Gerovich and Dylan LeClair, serving as CEO and Bitcoin strategy head, respectively. The leadership team at this firm will work toward developing more bitcoin acquisition routes and enhancing its treasury operations functions. The firm declared its position regarding the new unit through its latest announcement, stating its minimal contribution to the 2025 financial results.

Bitcoin Growth Lifts Metaplanet Stock Price

Last week, Metaplanet bought 145 BTC worth $14 million, enabling the company to become a holder of more than 5,000 BTC. The company has achieved 50 percent of its future target of possessing 10,000 BTC. The company remains dedicated to regular bitcoin purchases under its established bitcoin adoption roadmap, which it announced in April 2024.

The continuous growth of bitcoin ownership positions Metaplanet as one of the significant business entities holding cryptocurrency assets. The company plans to accumulate 21,000 BTC by 2026. Metaplanet has not disclosed the specific dates for future purchases.

The announcement of U.S. expansion caused Tokyo exchange stock prices to rise 2.6% and settle at 394 yen during market hours. Throughout the last 12 months, the stock price has surged by more than 1260%. Shared information about their bitcoin strategy and growth plan resulted in positive market participant reactions.

Corporate Bitcoin Accumulation Sees Broader Momentum

Various companies are presently engaging in vigorous Bitcoin acquisitions with their balance sheets. Semler Scientific purchased 165 bitcoins at $15.7 million, thus increasing its total bitcoin holdings to 3,467 bitcoins. The company filed to obtain $500 million to support possible investments related to bitcoin.

Late this week, Strategy revealed its latest Bitcoin acquisition, which included 15,355 BTC purchased for $1.4 billion. The company maintains ownership of 553,555 BTC, which represents 2.6% of the entire bitcoin supply. Bitcoin has not met a corporate owner as big as Strategy, which maintains the status as the world’s largest Bitcoin holder.