Metaplanet Inc., the Japanese public company known for its bitcoin treasury, is launching a Miami subsidiary to run a dedicated derivatives and income strategy aimed at turning holdings into steady, U.S.-based cash flow.
Tokyo’s Metaplanet Launches Miami Subsidiary to Amplify Bitcoin Income
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Japanese Bitcoin Treasury Player Metaplanet Opens Miami Outpost
The new entity, Metaplanet Income Corp., sits under Metaplanet Holdings, Inc. and is based in Miami, Florida. It launches in Sept. 2025 with $15 million in initial capital and a board featuring Simon Gerovich, Dylan LeClair, and Darren Winia.
The subsidiary is wholly owned by Metaplanet Holdings, Inc., the company’s U.S. holding vehicle, and will report through that structure as operations scale. Shareholding stands at 100%, with Metaplanet Holdings owning the subsidiary. Direct oversight remains with the parent.
By carving out a separate vehicle, the company is cleanly splitting its bitcoin treasury operations from income generation, a move designed to tighten governance, improve transparency and sharpen risk management around derivatives activity.
Metaplanet rolled out its bitcoin income generation business in Q4 2024 and says the program has steadily produced revenue and net income; a dedicated U.S. arm is meant to scale those efforts and broaden counterparties.
The Miami unit will pursue bitcoin income generation and related derivatives operations intended to produce recurring revenue and cash flow, giving Metaplanet a stateside perch for basis trades, hedges and other mandate-aligned strategies. Over the last month, Metaplanet shares have lost more than 32%.
