Metaplanet launches $1M Hong Kong Bitcoin unit

Metaplanet has approved a wholly owned Hong Kong subsidiary with $1 million in planned capital to manage Bitcoin-linked investments during Asian market hours. Summary Metaplanet approved a wholly owned Hong Kong subsidiary with $1 million in planned initial capital. The new unit will execute Bitcoin-related investment strategies and monitor positions during Asian trading hours. Simon Gerovich, Darren Winia and Kelvin Lee will serve as directors of the subsidiary initially. Metaplanet says the Hong Kong operation will complement its existing Miami asset-management company’s capabilities globally. The company expects the subsidiary to have minimal effect on its consolidated 2026 financial results. Metaplanet said in a Sept. 11 disclosure that its board had authorized the creation of Metaplanet Asset Management Asia Limited. The company expects to incorporate the business in Hong Kong during September 2026. The planned operation will invest client funds and Metaplanet’s own capital across Bitcoin, listed equities, preferred securities, credit products and other liquid instruments. Directors Simon Gerovich, Darren Winia and Kelvin Lee will oversee the new company. Metaplanet described ...