The new entity will be capitalized with up to $250 million and serve as Metaplanet’s dedicated U.S. vehicle for treasury operations. The company said the move would support round-the-clock operations across global time zones and expand its access to institutional capital in the U.S.
I find it kind of weird that geography matters at all for buying and holding internet money, but I guess the main operational component of these bitcoin holding companies is selling other people their debt.