Japan’s Metaplanet Launches Florida-Based US Subsidiary With $250 Million, Stock Up 5% to Expand Bitcoin Treasury

Japan-based Metaplanet, a publicly traded company, is launching a U.S. subsidiary in Florida with a capital raise of $250 million. The subsidiary will focus on expanding Metaplanet’s Bitcoin treasury operations. The move aims to bolster the company’s Bitcoin acquisition strategy, with the U.S. subsidiary based in Miami. Following the announcement, Metaplanet’s stock price increased by 5%. This strategic expansion reflects Metaplanet’s commitment to growing its Bitcoin holdings through dedicated treasury management in the U.S. market. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant