Metaplanet (3350) is looking at the “Phase Two” of its Bitcoin treasury approach, Financial Times reported on TuesdayClears an interview with CEO Simon Gerovich.
Metaplanet, which has The largest corporate bitcoin stash outside North AmericaBTC will be used as collateral to finance the acquisition of cash -forming businesses, Gerovich said.
The Japanese hotel company has been investing in Bitcoin Got 2,205 BTC this weekRaising its holdings to 15,555 BTC ($ 1.7 billion) And ay Targeting a hold of 210,000 By the end of 2027.
“We need to accumulate more bitcoin as long as … to get to a point where we get to the speed of escape and it’s just too hard for others to meet,” Gerovich said, according to the FT report.
“Then we have Phase Two … When Bitcoin, like government security or bonds, can be deposited to banks and then they will provide attractive financing against that property. We will get the cash we can use to buy profitable businesses, businesses flowing.”
Cryptocurrency-backed lending is Offered by a number of crypto-centered companiesBut rarely in traditional banks.
Gerovich added that Phase One probably lasts four to six years, after which it will be more difficult to get BTC because of the tightness of existence.
Tokyo -listed shares listed in Tokyo are closed to 1,565 yen ($ 10.71) On Tuesday, 0.84% higher during the day. The company did not immediately respond to CoinDesk’s request for further comment.
Read more: Metaplanet selected an additional 2,205 BTC, the holders now crossed 15,555 Bitcoin
