The Japanese firm Metaplanet plans to eventually use Bitcoin reserves to get cash -forming businesses, perhaps with a digital bank in Japan.
In a recent -only interview In the Financial Times, CEO Simon Gerovich said the company was racing to accumulate more Bitcoin (Btc) as much as possible before leverage its holdings for expansion.
“We think about it as a Bitcoin gold rush,” Gerovich said. “We need to accumulate as much bitcoin as possible … to get to a point where we get to the speed of escape and it’s just too hard for others to catch up.”
The firm listed in Tokyo, originally a hotel operator, began to gather Bitcoin as a fence against inflation in 2024. It currently holds 15,555 BTC and aims to boost that figure to more than 210,000 in 2027, 1% of all Bitcoin who has ever existed.
Related: Bitcoin Holdings of Metaplanet hit 10,000 BTC, beat Coinbase
Metaplanet to use bitcoin for acquisitions
Phase Two of the metaplanet plan involves the use of Bitcoin as collateral to access financing, such as government security or bonds. “We will get the cash we can use to buy profitable businesses,” Gerovich said.
Gerovich said the future acquisition of metaplanet is perfectly aligned with its approach, so “maybe it gets a digital bank in Japan and provides digital banking services that are superior to the services getting right now.”
While the lending of crypto supports remains rare in traditional banking, some institutions are beginning to explore it. In April, the standard chartered and okx Launched a pilot program Institutions are allowed to use crypto market funds and tokenized currency as collateral.
Gerovich ruled out that it was releasing a changing debt but open to the preferred shares to fund growth. “I do not want to pay money for three, four years and have (payment) linked to an unjust sharing price,” he said.
Related: Kazakhstan plans to establish a National Crypto Reserve
Metaplanet continues to buy spree
On Monday, metaplanet Added 2,204 BTC to its reserves For $ 237 million, with each Bitcoin bought about $ 107,700. The latest acquisition brings its total handling to 15,555 BTC at an average purchase price of nearly $ 99,985 per coin.
Metaplanet stock has risen to more than 345% this year, raising its market cap above $ 7 billion despite limited income. The mirrors of the company Michael Saylor’s approachholding more than 597,000 BTC and with a $ 112 billion market cap.
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