Metaplanet is Doubling Down on Bitcoin
Metaplanet is doubling down on Bitcoin with a planned expansion into the U.S., aiming to raise $250 million and position itself as a global force in corporate Bitcoin adoption.
Establishment of Metaplanet Treasury Corp.
In a May 1 post on X, Metaplanet CEO Simon Gerovich revealed that the company will establish a wholly owned subsidiary, Metaplanet Treasury Corp., in Florida, as part of its global expansion strategy. Gerovich noted that this move will accelerate the firm’s Bitcoin (BTC) treasury plans and expand access to U.S. capital markets.
“Florida is rapidly emerging as a global hub for Bitcoin innovation, corporate adoption, and financial liberalization,” Gerovich said, adding that the U.S. unit will strengthen Metaplanet’s operational reach and presence in key time zones.
Aggressive Approach to Bitcoin Accumulation
Often compared to Strategy, Metaplanet has adopted a similarly aggressive approach to Bitcoin accumulation. Eric Trump was recently added to its strategic advisory board, a strategic move which might benefit its U.S. expansion. The company intends to increase its holdings to 10,000 Bitcoin by the end of 2025, with a long-term goal of 21,000 Bitcoin by 2026. With this, the company will own roughly 1% of all Bitcoin.
Current Holdings and Performance Indicators
Metaplanet holds 5,000 BTC as of its most recent filing on Apr. 24, which is already half of its 2025 target. A crucial performance indicator, its Bitcoin yield, has also increased significantly, reaching 13% so far this year. To support its Bitcoin treasury strategy, the company has used a variety of financing techniques, such as equity raises, stock acquisition rights, and zero-coupon bonds.
Recent Announcements and Future Outlook
Most recently, it announced the full exercise of its 14th Series Stock Acquisition Rights and a partial early redemption of its 11th Series Bonds. Already Asia’s largest corporate Bitcoin holder, the U.S. expansion is seen as a bold step in spreading its global footprint.