In an official announcement, Metaplanet said it approved the establishment of two wholly owned subsidiaries and plans to invest ¥4 billion in Bitcoin financial infrastructure. The company said Metaplanet Ventures will be established in Japan, while MetaPlanet Asset Management Inc. will be set up in Miami, Florida. On March 12, Metaplanet also said the new U.S. subsidiary aims to launch digital credit products and use U.S. capital markets tools to acquire more Bitcoin.