Japanese Bitcoin giant's US plan has officially begun

Japan’s Bitcoin pioneer Metaplanet has announced a massive $5 billion capital infusion into its US subsidiary. The company ranks eighth in institutional Bitcoin ownership with 11,111 BTC, just 398 BTC behind Tesla. The company, which is focused on global expansion with operations based in Miami, announced that it has entered an aggressive growth phase.

Pioneering institutional Bitcoin adoption, Metaplanet has taken action to establish a stronger presence in the international arena. Having adopted the Bitcoin reserve creation strategy in April 2024, the company now aims to expand this strategy globally. This huge capital injection, following the establishment of the US unit in Miami, is considered a concrete demonstration of the company’s vision of a global integrated treasury model.

Metaplanet Challenges Tesla With Bitcoin Reserves

Metaplanet’s board of directors announced Tuesday that it approved a $5 billion capital injection into its controlled U.S. subsidiary. The company said the move would be financed through the exercise of stock purchase rights.

The US unit, established last month in Miami, Florida, is at the heart of Metaplanet’s global expansion strategy. The company said in a statement that it has completed its initial capital raising and is now entering a period of aggressive expansion.

“As Metaplanet continues to pioneer institutional Bitcoin adoption in Japan, this U.S. expansion underscores our commitment to building a global integrated treasury model,” the company said in a statement.

Metaplanet, which began implementing its Bitcoin accumulation strategy in April 2024 with the belief that it would increase shareholder value in the long term, announced on Monday that it added 1,111 BTC to its treasury. With this addition, the company’s total Bitcoin holding reached 11,111 BTC.

This figure makes Metaplanet the eighth-largest institutional holder of Bitcoin, behind Tesla by 398 BTC, according to Bitcointreasuriesnet data. The Japanese firm added that the contribution is expected to have limited financial impact on the current fiscal year, with any significant updates to be announced immediately.

Japanese Bitcoin giant’s US plan has officially begun

Metaplanet Challenges Tesla With Bitcoin Reserves

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