MicroStrategy's Japan Version is Heading to the US for Bitcoin: A 250 Million Step! - Coin Bulletin

Japanese investment giant Metaplanet announced that it will establish a new subsidiary in Miami, which has become the Bitcoin hub of the United States, to expand its Bitcoin reserves.

The Japanese investment company Metaplanet, which makes significant investments in the cryptocurrency sector, announced that it will establish a new subsidiary in the Florida state of the USA to accelerate its global growth strategy. This new company will be named Metaplanet Treasury Corp. and aims to increase the firm's access to international markets by focusing on Bitcoin accumulation and treasury operations.

Metaplanet has increased its total Bitcoin reserves to 5,000 BTC worth (475 million dollars) with its latest purchase made last week as part of the Bitcoin acquisition strategy it launched in April last year. The company aims to reach 10,000 BTC by the end of the year. The initial capital of the newly established subsidiary in Miami will be 10 million dollars, and there are plans to increase this amount to 250 million dollars in the future.

Metaplanet CEO Simon Gerovich explained the reasons for choosing Miami. Noting that Florida has recently become a global hub in the Bitcoin and cryptocurrency sector, Gerovich stated that the state's business-friendly policies and its open attitude towards financial innovation were influential in this decision. He emphasized that this move would further strengthen the company's strategic position in the US market.

On the other hand, Metaplanet recently included David Bailey, the CEO of Bitcoin Magazine and a prominent figure in Trump's pro-Bitcoin stance, in its strategic advisory board. The stocks of the company, which is traded on the Tokyo Stock Exchange, have attracted attention by increasing by more than %1,260 in the last year.

Bitcoin reserves are competing with giants such as Metaplanet, Tesla, Block, and Michael Saylor’s Strategy company, which are among the top 10 institutional companies in the world. Metaplanet's ultimate goal is to increase its reserves to 21 thousand BTC by the end of 2026.

Recently, among the companies that have increased their Bitcoin reserves, Semler Scientific, a health technology firm listed on the Nasdaq stock exchange, is also included. The company recently announced that it purchased an additional 165 BTC for 15.7 million dollars.

The largest institutional Bitcoin investor, Strategy, strengthened its leading position in the sector by increasing its reserves to approximately $52 billion with a new purchase of $1.4 billion on Monday, bringing its total to 553,555 BTC.