The Japanese Metaplanet company possibly plans to use its Bitcoin reserves to acquire cash generating companies, including a possible digital bank in Japan.
In a recent interview with the Financial Times, CEO Simon Gerovich said that the company was running to accumulate as much Bitcoin (BTC) as possible before transforming its assets indeed leverage for expansion.
“We consider it a rush to Bitcoin gold,” said Gerovich. “We have to accumulate as much bitcoin as possible … to get to a point where we have reached the exhaust speed and it makes it very difficult for others to catch up.”
The company listed in Tokyo, originally operator operator, began to accumulate Bitcoin as coverage against inflation in 2024. It currently contains 15,555 BTC and aims to increase this figure to more than 210,000 by 2027, 1% of all the bitcoin that will ever exist.
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Metaplanet to use bitcoin for acquisitions
Phase two of Metaplanet’s plan is to use Bitcoin as a guarantee to access funding, similar to state securities or obligations. “We will get money that we can use to buy profitable companies,” said Gerovich.
Gerovich said Metaplanet’s future acquisitions would ideally align with its strategy, so “perhaps it acquires a digital bank in Japan and provides digital banking services superior to the services that the detail now obtains”.
While loans supported by the crypto remain rare in traditional banking services, some institutions are starting to explore it. In April, Standard Charted and OKX launched a pilot program allowing institutions to use cryptography and tokenized market funds as guarantee.
Gerovich has excluded from the emission of convertible debts but is open to privileged actions to finance growth. “I don’t want to have to reimburse the money in three, four years and have [repayment] linked to an arbitrary stock market course, “he said.
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Metaplanet resumes the purchase
Monday, Metaplanet added 2,204 BTC to its reserves for 237 million dollars, each bitcoin bought at around $ 107,700. The last acquisition brings its total assets to 15,555 BTC at an average purchase price of around $ 99,985 per room.
Metaplanet’s shares have increased by more than 345% this year, exceeding its market capitalization of more than $ 7 billion despite limited income. The company reflects Michael Saylor’s strategy, which contains more than 597,000 BTCs and has a market capitalization of $ 112 billion.
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