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Metaplanet Stock Slides as Top Japanese Bitcoin Treasury Sets Up Shop in Miami
Yahoo Finance·2025-09-17 16:03

Metaplanet, a Tokyo-listed hotel group that owns 2.3billionworthofBitcoin,saidonWednesdaythatitsbusinessisexpandingtotheU.S.Thefirm,whichownsmorethan20,000Bitcoin,isestablishingasubsidiaryinMiami,Florida,tomanageandgrowincomegenerationactivities,accordingtoapressrelease.Metaplanetsaidthewhollyownedfirm,dubbedMetaplanetIncomeCorp.,willinitiallyhave2.3 billion worth of Bitcoin, said on Wednesday that its business is expanding to the U.S. The firm, which owns more than 20,000 Bitcoin, is establishing a subsidiary in Miami, Florida, to “manage and grow income-generation activities,” according to a press release. Metaplanet said the wholly-owned firm, dubbed Metaplanet Income Corp., will initially have 15 million in capital. It will provide its parent company with a better opportunity to “pursue derivati ...