Japan’s Bitcoin Giant Metaplanet Takes on the U.S. Bitcoin Market

Metaplanet, a publicly listed Japanese Bitcoin investment firm, has established Metaplanet Treasury Corp., a new U.S. subsidiary in Miami, Florida, to boost its global Bitcoin strategy. 

The launch was announced on May 1, 2025, with the intention to raise up to $250 million to fund Bitcoin acquisitions and increase liquidity for institutional investors.

In addition, the company issued 3.6 billion JPY, currently valued at approximately $23.4 million USD, in its 12th Series of Ordinary Bonds to further fund Bitcoin purchases. 

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The decision puts Metaplanet in a position to leverage Florida’s crypto-friendly environment, as well as announce its entry in the United States’ competitive Bitcoin treasury market.

Treasury Corp. Debuts in Florida’s Bitcoin Hub

Metaplanet Treasury Corp. marks the firm’s entry into the United States, strategically located in Miami to capitalize on Florida’s crypto-friendly regulatory framework and growing reputation as a cryptocurrency hub.

CEO Simon Gerovich mentioned the state’s appeal, stating, “It’s becoming a global hub for Bitcoin innovation, corporate adoption, and financial liberalization.”

The subsidiary will provide 24-hour liquidity solutions for institutional investors in the hopes of challenging industry giants like Strategy.

As of late May 1, 2025, Metaplanet holds 5,000 BTC, valued around $467–$475 million. While confirmation for the registration of its subsidiary in Florida’s business registry is awaiting verification, sources report that activities are already underway, allowing the company to tap into U.S. capital markets.

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$10M Kickstarts Metaplanet’s U.S. Bitcoin Funding Drive

Metaplanet Treasury Corp. plans to raise up to $250 million, starting with an initial $10 million, to support Bitcoin purchases and treasury operations.

The funds will increase liquidity for institutional investors, allowing them to easily access centralized exchanges and over-the-counter markets.

The company’s transparency, including public disclosure of its 5,000 BTC wallet balances, is noted as a factor in building investor confidence. The $250 million target is in line with a general trend of corporations integrating Bitcoin into their treasury strategies. 

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Metaplanet Raises ¥3.6B for More Bitcoin Purchases

On May 2, 2025, Metaplanet issued its 12th Series of Ordinary Bonds, raising 3.6 billion JPY, approximately $23.4 million USD, to fund additional Bitcoin purchases.

The bonds, allocated entirely to EVO FUND, carry 0% interest and will be redeemable on October 31, 2025, with no collateral or guarantee.

Funds for redemption are expected from proceeds of the 15th to 17th Series of Stock Acquisition Rights, issued earlier in 2025. The issuance is projected to have minimal impact on Metaplanet’s fiscal year 2025 financial results, the company stated.

Redemption funds are expected from proceeds of the 15th to 17th Series of Stock Acquisition Rights, which were previously issued in 2025. The issuance is expected to have minimal impact on Metaplanet’s financial outcomes for the fiscal year 2025, the company added.

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24-Hour Trading Gives Metaplanet Edge in Bitcoin Market

Metaplanet’s Florida subsidiary provides 24-hour trading and liquidity management, a key advantage in the volatile cryptocurrency market, while its 3.6 billion JPY, valued at $23.5 million USD, bond issuance on May 2, 2025, is expected to further improve the firm’s Bitcoin acquisitions.

Florida’s pro-crypto regulations, including a legislative proposal allowing the State Treasury to invest in Bitcoin, make it an ideal base for the company. The strategy is in line with industry trends, such as Semler Scientific’s $15.7 million purchase of 165 BTC, increasing its holdings to 3,467 BTC valued at $329 million. 

Largest corporate BTC holders (Source: BitcoinTreasuries)

By combining U.S. operations with bond financing, Metaplanet could influence competitive forces in the Bitcoin treasury sector, challenging U.S.-based firms and driving wider corporate adoption with additional global institutional access.

U.S. Expansion Tests Metaplanet’s Bitcoin Vision

However, Metaplanet faces U.S. regulatory difficulties. While Florida’s favorable environment reduces risks, its bond redemption relies on proceeds from stock acquisition rights.

The subsidiary’s setup, which is still in process, could potentially delay activities. However, transparency, as represented by a 121.1% BTC Yield for 2025, has strengthened the company’s credibility.

The U.S. expansion, $250 million capital raise target, and bond issuance position the Japanese firm as a strong player in the global Bitcoin market, potentially inspiring other firms to explore U.S. markets and further integrating Bitcoin into their corporate finance.