Metaplanet enters second phase of Bitcoin strategy... ”Considering acquiring a Japanese digital bank”

Metaplanet is stepping up its M&A strategy by leveraging its Bitcoin holdings. Recently, Simon Gerovich of Metaplanet
In an interview with the Financial Times, the CEO said, "We are considering acquiring a digital bank in Japan. This will ensure that we have a cash-generating entity, which is the core of our two-stage strategy."
He said, "Right now, it's the Bitcoin gold rush," and that "in order to get ahead of others, we need to secure as many Bitcoins as possible and reach the 'breakaway velocity.'
"We need to widen the gap between us and our competitors based on the amount of Bitcoin we hold," he said. Meta Planet was originally a hotel management company, but will be expanding into a new market in 2024.
He changed his strategy by buying a large amount of Bitcoin as a hedge against inflation. He currently holds a total of 15,555 BTC, and plans to have a total of 210,000 Bitcoin (the total amount of Bitcoin issued) by 2027.
The second phase of Metaplanet's strategy is to raise funds by using Bitcoin as collateral, like government bonds or stocks, and use that money to acquire profitable businesses.
"We will secure funding using Bitcoin as collateral to be able to purchase businesses that can generate cash," Gerovich said.
He mentioned the possibility of acquiring a digital bank, saying, "We will acquire a bank in Japan that can provide better digital financial services than existing retail financial services."
"We can also buy a digital bank," he said. Meanwhile, Meta Planet purchased an additional 2,204 BTC on the 7th of last month for about $237 million.
It was traded for $107,700, with the average purchase price to date being approximately $99,985.