Summary
- Metaplanet announced its decision to establish a US subsidiary to strengthen its Bitcoin-centered financial strategy.
- The company revealed its entry into the US market as part of its global expansion and financial strategy, having secured Bitcoin worth approximately 97 trillion KRW recently.
- Metaplanet plans to access deep institutional liquidity pools, secure Bitcoin purchasing routes, and strengthen its strategic position in the US market.
Japanese Bitcoin (BTC) specialized investment firm Metaplanet is establishing a subsidiary in the United States. This move is to strengthen its Bitcoin-centered financial strategy.
Metaplanet announced on its official X account on the 1st that "the board of directors has resolved to establish a wholly-owned subsidiary in Florida, USA," stating it as "part of its global expansion and Bitcoin financial strategy." Originally a hotel company, Metaplanet transformed into an investment firm after incorporating Bitcoin into its asset portfolio last year. The Bitcoin secured by Metaplanet from last year to recently amounts to $68 billion (approximately 97 trillion KRW).
Metaplanet plans to steadily strengthen its Bitcoin financial strategy through its US subsidiary. Metaplanet stated, "(Through the US subsidiary) we will access deep institutional liquidity pools and secure more efficient Bitcoin purchasing routes," adding, "We will also strengthen our strategic position in the US market, a global hub for Bitcoin innovation and capital formation."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
