Metaplanet Bitcoin Strategy Phase Two Plan involves collateralizing BTC to obtain financing, with the consideration of acquiring a local digital bank.
BlockBeats News, July 8th, according to Cointelegraph, Japanese company Metaplanet plans to use its growing Bitcoin reserves to acquire cash-rich businesses, including considering acquiring a digital bank in Japan. In a recent interview, Metaplanet CEO Simon Gerovich stated that the company is accelerating the accumulation of as much Bitcoin as possible, and then plans to use these assets for expansion to stay ahead of other competitors. Originally a hotel operator, Metaplanet started buying Bitcoin in 2024 as a hedge against inflation, currently holding 15,555 BTC, and plans to increase its holdings to over 210,000 by 2027, representing 1% of the total Bitcoin supply.
Metaplanet's second-stage Bitcoin strategy is to use Bitcoin as collateral to obtain financing, similar to securities or government bonds. Simon Gerovich stated that future acquisition targets will align with the company's strategy, potentially acquiring a digital bank in Japan and offering superior digital banking services compared to existing retail banks. Simon Gerovich ruled out the possibility of issuing convertible bonds but remains open to issuing preferred stock to support growth.
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