
Metaplanet opens Hong Kong subsidiary to manage BTC
- —Initial capital of the Hong Kong subsidiary is $1 million
- —The company will handle trade execution and position monitoring during Asian hours
- —The move is part of Project Nova to build a financial platform
- —Metaplanet will own 100% of the new company
Why it matters: Expanding its operational capacity strengthens Metaplanet's role as one of the largest public BTC treasury companies and could influence Bitcoin demand.
Source: BITTIMES
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