Metaplanet, a Japanese company dedicated to Bitcoin accumulation, announced the launch of a wholly owned subsidiary in Florida. Expected to raise up to $250 million to bolster its Bitcoin strategy, the subsidiary aims to attract US institutional investors and will be headquartered in Miami. The firm cites Florida’s favorable business environment for Bitcoin, highlighting the state’s growing reputation as a hub for cryptocurrency and financial innovation. This decision aligns with recent developments, including approval of a bill by Florida’s House Insurance and Banking Committee supporting digital assets. Metaplanet, which currently holds 5,000 Bitcoin valued at approximately $474.7 million, has significantly increased its holdings since the beginning of the year. The establishment of the Florida subsidiary is a strategic move to capitalize on the state's pro-Bitcoin policies and to expand the company’s operations into a new timezone.

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