TL;DR
- Subsidiary Launch: Metaplanet establishes a Miami-based unit focused on bitcoin derivatives and income generation, backed by $15 million in capital and led by CEO Simon Gerovich.
- Capital Strategy: The firm raised $1.4 billion through an international equity offering, surpassing its $880 million target to support U.S. expansion and future acquisitions.
- BTC Holdings: The company’s Bitcoin treasury grew to 20,136 BTC, now valued at over $2.3 billion.
Metaplanet (MTPLF), the Tokyo-listed Bitcoin treasury firm, has formally launched a U.S. subsidiary to scale its growing Bitcoin income generation business. The new entity, Metaplanet Income Corp., will be based in Miami and operate independently from the company’s core treasury holdings, focusing on derivatives and related strategies. With $15 million in initial capital, the move reflects the firm’s intent to diversify its revenue streams while managing risk.
Miami-Based Unit Targets Derivatives Growth
The Miami subsidiary will be wholly owned by Metaplanet Holdings, Inc. and led by CEO Simon Gerovich, alongside directors Dylan LeClair and Darren Winia. According to the company, the business line, initiated in late 2024, has already delivered “consistent and growing revenue and net income.” Gerovich described it as the firm’s “engine of growth” on X, underscoring its strategic importance. Despite the expansion, Metaplanet does not anticipate a material impact on its full-year 2025 financials and will continue to disclose updates per Tokyo Stock Exchange regulations.
$5 Billion Ambition and Institutional Backing
In June, Metaplanet announced plans to raise $5 billion to support its U.S. build-out. This follows a successful international equity offering that raised $1.4 billion, well above the initial $880 million target. The offering attracted major institutional players, including mutual fund groups, sovereign wealth funds, and hedge funds. Gerovich called the participation a strong endorsement of Metaplanet’s Bitcoin strategy and a launchpad for “the next phase” of growth.
Strategic Positioning Among Bitcoin Giants
Metaplanet’s overseas fundraising aims to accelerate acquisitions, refine capital policy, and elevate its standing among global corporate Bitcoin holders. In a Q&A released this week, the company positioned itself as a rising contender behind Michael Saylor’s Strategy, signaling ambitions to become one of the largest BTC treasury entities worldwide. The firm continues to funnel capital into Bitcoin purchases while expanding its operational footprint.
Treasury Growth and U.S. Diversification
Last week, Metaplanet increased its Bitcoin holdings to 20,136 BTC, valued at over $2.3 billion. The company’s dual-track approach, treasury accumulation, and income generation mark a shift toward more diversified capital formation. By separating its Miami-based unit from core holdings, Metaplanet aims to balance aggressive growth with prudent risk management, reinforcing its role as a pioneering force in corporate Bitcoin strategy.
