Japanese Bitcoin investment company Metaplanet is establishing a new hub in the United States. The firm revealed on May 1 that it will set up a fully owned subsidiary with headquarters in Miami, Florida.
The establishment is part of an overall strategy to raise up to $250 million to finance its increasing Bitcoin ownership and access more US institutional investors.
Metaplanet, which currently possesses 5,000 BTC worth approximately $475 million, has been incrementally building up its BTC hoard since the beginning of the year. It started 2025 with 1,760 Bitcoin and has over doubled that amount in mere months.
Florida Selected Due To Its Pro-Bitcoin Environment
The firm selected Florida for a variety of reasons. In its announcement, Florida provides a “business-friendly” atmosphere and has emerged as a hub for crypto and finance-oriented companies. Metaplanet also mentioned the growing reputation of the state as a capital and technology hub.
メタプラネットは、グローバル展開戦略の一環として、米国フロリダ州に100%子会社「Metaplanet Treasury… pic.twitter.com/1VYWPz9Eoe
— Simon Gerovich (@gerovich) April 30, 2025
Recent action in Florida’s legislature seems to support that contention. Last month, the state’s House Insurance and Banking Committee passed a bill that would allow the State Treasury to invest in cryptocurrency.
The bill was introduced in February. The concept of Florida investing in Bitcoin for its treasury follows an increasing trend among state leaders of interest in crypto assets.
Source: Bitcoin Treasuries
Miami Will Host New Headquarters
Metaplanet’s new US operations will be headquartered in Miami. The city has been at the center of crypto-related activities and businesses in recent years. By establishing its subsidiary there, Metaplanet is positioning itself to better reach out to US investors as well as cover a new time zone.
The firm believes this move to be an avenue through which it can expand, not only geographically but financially as well. The $250 million it seeks to raise will be used in purchasing additional Bitcoin and solidifying its market footing.
BTCUSD trading at $96,226 on the 24-hour chart: TradingView.com
Florida Politicians Express Firm Crypto Support
Bitcoin is not only a financial instrument in Florida—it’s becoming part of the political discourse in the state. Two Republican lawmakers who recently won special elections to the US House received a total of $1.5 million in backing from the crypto-oriented PAC Fairshake.
State officials are also exploring digital assets as an investment tool. Florida Chief Financial Officer Jimmy Patronis encouraged the agency managing retirement funds to consider Bitcoin investments. He sent a letter in October 2024 to the Florida State Board of Administration suggesting this idea.
By mid-February, the state’s retirement fund had already invested in Strategy, the company formerly known as MicroStrategy, which holds more Bitcoin than any other publicly traded firm.
Featured image from Eater Miami, chart from TradingView
