Metaplanet, Expands Bitcoin strategy in the U.S.… Establishes subsidiary in Florida

Metaplanet Expanding Bitcoin Purchase Strategy By Establishing A Subsidiary In The United States (Source: Metaplanet)

Japan's Cryptocurrency Investment Specialist Company Metaplanet Is Significantly Strengthening Its Bitcoin Purchase Strategy By Establishing A Subsidiary In Florida, USA. Metaplanet Announced Through X (Formerly Twitter) On The 1st That The Subsidiary Plans To Broaden Its Network With Institutional Investors In The US And Raise Up To $250 Million To Secure Bitcoin.

The New Subsidiary's Headquarters Will Be Located In Miami, And The State Of Florida Has Been Chosen By Metaplanet As A Strategic Base. The Company Assessed That Florida Is Rapidly Emerging As A Bitcoin Hub Where Global Capital And Innovation Converge, Thanks To Its Business-Friendly Policies And Technological Centrality. They Also Announced Plans To Further Refine Their Global Operating System Based On Eastern US Time.

This Decision Coincides With Florida's Bitcoin Acceptance Trend. In April, The Insurance And Banking Committee Of The Florida House Passed A Bill Allowing The State Treasury To Invest Directly In Bitcoin. The Bill Was First Proposed In Early February, And State Financial Chief Jimmy Patronis Has Urged Agencies Managing State Pension Assets To Actively Consider Bitcoin Investments.

Florida's Cryptocurrency-Friendly Atmosphere Is Also Reflected In Politics. Two Florida Candidates From The Republican Party, Who Received A Total Of $1.5 Million From The Cryptocurrency-Related Political Funding Organization Fairshake, Recently Won A Special Election And Entered The Federal House.

Metaplanet Is Aggressively Increasing Its Bitcoin Holdings In Response To Such Changes In The US Environment. According To The Company's Official Website, They Currently Hold A Total Of 5000 BTC, An Increase Of 184% Compared To 1762 BTC At The Beginning Of January This Year.

Especially In The Month Of April Alone, Additional Purchases Were Made Three Times. In Early April, They Purchased 696 BTC For About 10.2 Billion Yen ($67 Million), And Later Acquired An Additional 330 BTC (Worth $28.2 Million) At An Average Of $85,605 Per 1 BTC. At The End Of The Same Month, They Purchased Another 145 BTC For 1.9 Billion Yen (About $13 Million), Bringing The Total Holdings Up To 5000 BTC.