Metaplanet Expands Bitcoin Strategy with Hong Kong Subsidiary
Metaplanet, a Tokyo-listed firm, has expanded its Bitcoin strategy by establishing a new wholly owned subsidiary in Hong Kong. This move marks a significant phase in Metaplanet's broader effort to become one of the largest corporate holders of BTC.
The subsidiary, Metaplanet Asset Management Asia Limited, will manage Bitcoin-linked investments during Asian market hours, complementing Metaplanet's existing Miami operation. The new entity will have $1 million in initial capital and a wide-ranging mandate covering Bitcoin, equities, preferred securities, credit products, and other liquid instruments.
Metaplanet holds 43,000 BTC in its treasury and has announced plans to place 2,100 BTC and $2.5 million into Nasdaq-listed Super League Enterprise, which is soon to be renamed Superplanet.