The Japanese Bitcoin Treasury company Metaplanet now looks beyond accumulation. After months of aggressive BTC -purchasing, the company says that it is preparing for the use of his Bitcoin interests as collateral to finance acquisitions.
Metaplanet CEO Simon Gerovich recently told The financial times that the company is in a “Bitcoin Gold Rush” and wants to use its growing stock to buy real companies that generate cash.
According to him, the company follows a two -stage plan. Firstly, it will collect Bitcoin (BTC) as much as possible, and secondly, interests are used as collateral to raise money from lenders, similar to how effects or government bonds are used.
“We have to collect as much bitcoin as possible to get to a point where we have reached escape speed and it makes it difficult for others to catch up,” said Gerovich. “Then we have phase two when Bitcoin, such as effects or government bonds, can be deposited with banks and then they will offer very attractive financing against that active.”
Gerovich stated that the generated cashes would go to the acquisition of “profitable cash-flowing” companies that match its current strategy, possibly in digital banking or financial services.
The approach of Metaplanet reflects the playbook of the strategy of Michael Saylor, the largest company holder of BTC. The company has also issued equity and stock complies to attract capital, but unlike strategy, Gerovich said that he will not use convertible debt.
“I don’t want to repay the money within three or four years,” he said, adding that the company has no plans to sell its participations and continue to attract capital to buy more.
The comments from the CEO only come one day after Metaplanet has announced its largest Bitcoin purchase so far, with 2,205 BTC for 34.49 billion yen ($ 238 million) and brought the total to 15,555 BTC. The purchase was funded by stock commitments and bond activity, a structure that the company repeatedly used this year to attract capital and to turn it directly into BTC.
Once a hotel management company, MetaLanet adopted its BTC strategy in 2024 and has since grown to the fourth largest company owner of Bitcoin worldwide. The company has now spent around $ 1.6 billion on its purchases, with a long-term objective to keep 1% of the total Bitcoin offer, around 210,000 BTC by 2027.
