Metaplanet Shifts Focus from Bitcoin Accumulation to Business Acquisitions
Japanese firm Metaplanet is changing its Bitcoin strategy. After months of buying BTC, the company plans to use its holdings as collateral for financing acquisitions. CEO Simon Gerovich shared this with the financial Times.
Gerovich calls it a “Bitcoin gold rush.” The firm aims to buy real businesses that generate cash. It follows a two-step plan. First,it accumulates as much Bitcoin as possible. Then, it uses these holdings to secure loans. This is similar to using securities or bonds as collateral.
Gerovich believes in accumulating Bitcoin to reach a point were others can’t catch up. He says, “We need to gather as much Bitcoin as we can. Once we have enough, it will be hard for others to match us. In phase two, we’ll use bitcoin like securities or bonds to get attractive financing from banks.
Metaplanet’s goal is to buy profitable businesses, possibly in digital banking or financial services. The company recently bought 2,205 BTC for $238 million.
Metaplanet’s strategy mirrors that of Michael Saylor’s Strategy. However,gerovich won’t use convertible debt. He plans to keep the Bitcoin and raise more capital to buy more.
Metaplanet,once a hotel management company,adopted its BTC strategy in 2024. It aims to hold 1% of the total Bitcoin supply by 2027.
