Metaplanet has made its next move by expanding into the United States. The company, which transitioned away from hotel development to focus on Bitcoin last year, has now established a new subsidiary in Florida.
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Metaplanet, the Tokyo-listed Bitcoin treasury firm, has launched a new subsidiary based in Miami. The entity, named Metaplanet Treasury Corp, will focus on Bitcoin accumulation and related treasury operations.
The company plans to use its Florida location to access U.S. institutional capital, speed up Bitcoin transactions, and benefit from the state’s favorable regulatory landscape. Florida, alongside Wyoming and Texas, continues to attract crypto-focused companies due to its supportive stance on digital assets.
Simon Gerovich, CEO of Metaplanet, explained the reasoning behind the move. “The reason for choosing Florida is clear: the state is rapidly emerging as a global hub for Bitcoin innovation,” he wrote on X. “This new subsidiary will strengthen our around-the-clock operational capabilities across time zones, further strengthen our strategic position in the U.S. market, and mark an important step in Metaplanet’s evolution as a global Bitcoin treasury company.”
Bitcoin strategist Dylan LeClair, who joined Metaplanet in 2023, is listed as one of the two directors at the new Florida unit, alongside Gerovich. LeClair has helped shape the firm’s Bitcoin treasury approach since his appointment.
With the launch of Metaplanet Treasury Corp, the company now gains a stronger foothold in the U.S., extending its reach beyond Asia and into a market with deeper liquidity and a larger base of Bitcoin-native institutions.
The announcement was shared on Thursday via a corporate filing and confirmed across the company’s communication channels.