Metaplanet Establishes Miami-Based Subsidiary to Scale Bitcoin Derivatives Strategy

Quick Take:

• Metaplanet launched a $15M U.S. subsidiary focused on bitcoin derivatives.

• The firm has raised $1.4B internationally and holds over 20,000 BTC.

Metaplanet Holdings Inc., a Tokyo-based treasury company holding bitcoin (MTPLF), has officially opened a subsidiary in the U.S. to hasten its bitcoin revenues and derivatives program. The new company, Metaplanet Income Corp., is a registered corporation based in Miami and is capitalized at a start-up capital of 15m. It will be a wholly owned subsidiary of Metaplanet Holdings but functionally independent of its regular treasury BTC business.

Bitcoin Derivatives Arm to Operate Independently from Treasury

The move was approved by Metaplanet’s board as part of a wider plan to expand its revenue-generating business units, especially those dealing with bitcoin-based derivatives. Although this was a fragmentary rollout that continued in late 2024, the company has now organized its structure and governance.

On social media site X, CEO Simon Gerovich remarked, “This business has just become our growth driver. He shall be a director of the new organization alongside Bitcoin market analysts Dylan LeClair and Darren Winia. The company stressed that risk management will be insulated so that the operations of the derivatives will not impact the treasury in terms of the BTC in its possession.

Metaplanet has already announced that the Miami unit has been profitable and has generated stable and increasing revenue and net income. Though it does not anticipate a material change in full-year 2025 performance, it was reported that the company will disclose in accordance with the Tokyo Stock Exchange.

International Funding Bolsters U.S. Build-Out and Bitcoin Holdings

Metaplanet Income Corp. was formed after a vigorous global equity offering in which it raised 1.4 billion dollars, which was more than the firm’s initial target (880 million). In a question-and-answer issued along with the announcement, Metaplanet mentioned that the acquisition of bitcoins will be expedited with the help of proceeds, the capital policy will be strengthened, and the reach into the institution will be increased.

According to the participants involved in the raise, large mutual funds, sovereign wealth funds, and hedge funds were reported to have participated in the raise. Gerovich described the investor mix as confirmation of the firm’s long-term position in Bitcoin. The company has not concealed its desire to compete with Michael Saylor’s strategy as one of the biggest BTC holders in public.

Metaplanet announced last week that it had gained an additional 20,136 BTC, totaling more than 2.3 billion dollars at the current market rates. This further cements its position in the list of highest-ranking corporate bitcoin treasuries.