Metaplanet Bitcoin strategy phase two plans to mortgage BTC for financing, considering the acquisition of a local Digital Bank.

On July 8, Cointelegraph reported that the Japanese company Metaplanet plans to use its growing Bitcoin reserves to acquire cash-rich companies, including considering the acquisition of a digital bank in Japan. In a recent interview, Metaplanet's CEO Simon Gerovich stated that the company is accelerating the accumulation of as much Bitcoin as possible and then using these assets for expansion, making it difficult for competitors to catch up. Metaplanet was originally a hotel operator and began purchasing Bitcoin in 2024 as a hedge against inflation. It currently holds 15,555 BTC and plans to increase its holdings to over 210,000 by 2027, capturing 1% of the total Bitcoin supply. The second phase of Metaplanet's Bitcoin strategy is to use Bitcoin as collateral to obtain financing, similar to securities or government bonds. Simon Gerovich indicated that future acquisition targets will align with the company's strategy, potentially acquiring a digital bank in Japan and providing higher quality digital banking services than existing retail banks. Simon Gerovich ruled out the possibility of issuing convertible bonds but is open to issuing preferred shares to support growth.