Metaplanet (3350) Wants to Use BTC Holdings to Fuel Acquisitions: FT

Metaplage (3350) He looks at the “second phase” of his bitcoin treasury strategy, The Financial Times reported on TuesdayHe quoted an interview with CEO Simon Gerovich.

A metaplanet that has The largest corporate bitcoin stash outside North AmericaIt will use BTC as a collateral to finance the acquisitions of companies generating cash, Gerovich said.

Japanese hotel company changed the bitcoin investor Won 2,205 BTC this weekIncreasing their shares to 15,555 BTC ($ 1.7 billion) and is targeting to hold 210,000 By the end of 2027.

“We have to accumulate as many bitcoins as much as we can … To get to the point where we reached escape speeds and it is very difficult for others to catch up,” Gerovich said according to FT report.

“Then we have the second phase … When bitcoins, such as securities or government bonds, can be saved with banks and then provide very attractive funding against this asset.

Cryptocurrency lending are Offered by a number of cryptoral companiesBut it is rare among traditional banks.

Gerovich added that the first phase is likely to last four to six years, after which it would be more difficult to get BTC to tighten availability.

Metaplanet’s Tokio List List closed to 1,565 yen (10,71 $) Tuesday by 0.84% ​​higher day. The company did not immediately respond to Coindesk’s request to another comment.

Read more: Metaplanet will pick up another 2,205 BTC, now Holdings over 15,555 Bitcoins