Metaplanet Eyes Digital Bank in Bitcoin Expansion Plan

The Japanese company Metaplanet is eventually planning to use its Bitcoins reserves to get cash generating businesses, including a possible digital bank in Japan.

In recent interview With The Financial Times, CEO Simon Gerovich said the company is racing to accumulate so many bitcoins (BTC), as is possible before turning its shares in the expansion effect.

“We consider it a bitcoin gold fever,” Gerovich said. “We have to accumulate as many bitcoins as possible, how much we can … get to the point where we have reached escape speed and it is very difficult for others to catch up.”

The Tokyo-Walling Company, originally a hotel operator, began to accumulate bitcoins as a hedge against inflation in 2024. At present, it holds 15,555 BTC and its aim is to increase this figure by 2027, 1% of all bitcoins that sometimes exist.

Related: Bitcoin Holdings Metaplanet will hit 10,000 BTC, beat Coinbase

Metaplanet for the use of bitcoins for acquisitions

The second phase of the metaplanet plan involves the use of bitcoins as a collateral for access to financing, similar securities or government bonds. “We get the cash that we can use to buy profitable businesses,” Gerovich said.

Gerovich said that the future acquisition of a metaplanet would ideally be in line with its strategy in line with its strategy, so “perhaps obtains a digital bank in Japan and provides digital banking services that are better than the services that retail now receive.”

While crypto -loan loans remain rare in traditional banking, some institutions are starting to explore. In April Standard Chartered and OKX launched a pilot program allowing institutions to use crypto and tokenized funds of the money market as a collateral.

Gerovich ruled out the release of convertible debt, but is open to preferred actions to finance growth. “I don’t want to repay money for three, four years and have.” [repayment] associated with any price of shares, ”he said.

Related: Kazakhstan plans to establish a national crypt reserve

Metaplanet restores purchase

Monday metaplanet Added 2 204 BTC to your reserves For $ 237 million, each bitcoin bought about $ 107,700. The latest acquisition brings its total shares to 15,555 BTC for an average purchase price of around $ 99,985 per coin.