Metaplanet Acquires 2,205 Bitcoin, Plans to Use Holdings as Collateral for Acquisitions

Metaplanet, a Japan-based investment firm, has entered the second phase of its Bitcoin strategy, focusing on using Bitcoin as collateral for acquisitions. The company has recently acquired an additional 2,205 Bitcoin (BTC), bringing its total holdings to 15,555 BTC, valued at approximately $1.7 billion. This move marks a significant shift in Metaplanet's approach, transitioning from merely holding Bitcoin to leveraging it as a financial tool.

CEO Simon Gerovich has outlined the company's ambitious plans to turn Bitcoin into a financing engine. By depositing Bitcoin with banks, Metaplanet aims to secure attractive financing, which will be used to acquire profitable businesses. This strategy is part of a broader goal to grow beyond just holding a BTC-heavy balance sheet and to expand into real-world ventures.

Metaplanet's long-term target is to accumulate 210,000 BTC by the end of 2027. This aggressive accumulation phase is expected to last four to six more years, during which the company will continue to build its Bitcoin holdings. Gerovich believes that by reaching this milestone, Metaplanet will achieve a level of scale and power that will be difficult for competitors to match.

While crypto-backed lending is common in the crypto community, it remains relatively rare in traditional finance. Metaplanet sees this as an opportunity to unlock capital that others cannot. The company has already raised funds through bond sales and stock rights and plans to accelerate its acquisitions while Bitcoin is still available in significant volumes.

Metaplanet's strategy involves not only increasing its Bitcoin treasury but also exploring potential acquisitions in the digital banking sector. By targeting digital bank buyouts, the company aims to integrate cryptocurrency with traditional financial services, further solidifying its position in the market. This move is part of Phase Two of Metaplanet's Bitcoin strategy, which focuses on turning its Bitcoin holdings into a financial engine for growth and expansion.