Metaplanet establishes US subsidiary to tap more funding for BTC purchases

Metaplanet is opening the door to more aggressive Bitcoin (BTC) purchases after it established a US-based wholly owned subsidiary. The new US-based entity may tap more opportunities for fundraising and further BTC purchases. 

Metaplanet announced a wholly-owned US subsidiary, which will extend its strategy of buying more Bitcoin (BTC). The company, based in Japan, presented a document through its X account. 

*Establishment of Wholly-Owned U.S. Subsidiary* pic.twitter.com/GkaoTchwhb

— Metaplanet Inc. (@Metaplanet_JP) April 30, 2025

Metaplanet issued an official announcement stating its intention to create the subsidiary. The expansion is part of the company’s ongoing strategy to acquire more BTC, while also planning global growth. 

Metaplanet Treasury Corp., the Florida-based business entity, has chosen the state because it is a rapidly evolving hub of crypto adoption and financial innovation. The entity’s main task would be to secure more lines of corporate liquidity for further BTC acquisitions. 

The new subsidiary will also aim to have a more flexible toolset for treasury operations, tapping a non-stop market. US entities may have access to more sources of BTC, from both centralized exchanges and OTC markets. 

The new business entity is not yet represented in Florida’s business registry. The announcement arrived just after Metaplanet wrapped up the purchase of 5,000 BTC, completing 50% of its plans for 2025. Metaplanet is one of the transparent BTC holders, showing its balances in a publicly known wallet.

Metaplanet acquired BTC at an average price of $85,558. The total holdings amount to $475.3M, at around 30% of the company’s entire market capitalization. It is one of the new corporate buyers, starting its purchases in April 2024, with its first $6.5M purchase. 

Metaplanet accelerates BTC purchasing plans

Metaplanet falls just outside the top 10 of the biggest corporate treasuries. The company was displaced by the newly launched US XXI, which started with a much bigger BTC reserve. 

Metaplanet bought most of its BTC in small batches, relying on the Japanese BitFlyer exchange. The company is now on an expansion path, adding more advisors to its roster. A day before announcing its Florida subsidiary, Metaplanet added long-term Bitcoin maximalist David Bailey to its advisory board. 

In total, corporate and other large-scale entities already control 3.25M BTC, with no outflows from most treasuries. Corporate buyers turned into some of the most reliable holders, taking coins off the market and contributing to an eventual supply crunch. 

The Japanese company has shared plans to accelerate BTC purchases in the coming months. The new subsidiary has announced an initial capital of $250M. The company is also following the path of Strategy (MSTR) for leveraged BTC buying, potentially tapping more corporate credit. 

The latest purchases added to the market performance of MTPLF shares. The asset is up from temporary lows of $1.89 in February, up to $2.85 after the latest series of BTC purchases. 

The company’s crypto reserves are still in the green, as BTC recovered to $95,636.58. BTC continues to rise as whales and strategic buyers accumulate more coins, signaling long-term confidence for the coin’s reserve potential.

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