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MetaplageJapanese Bitcoin Treasury has revealed a bold strategy that will convert its growing bitcoin reserves to capital for profitable enterprises.
According to July 8 Financial times messageMemon General Gerovich Memon Gerovich said the company is preparing for the second phase where it can use bitcoins as collateral to access banks.
Gerovich outlined the plan and said:
“When bitcoins, such as securities or government bonds, can be saved with banks and then provide very attractive funding against this asset. We get cash that we can use to buy profitable companies, cash companies.”
It estimates that this transition can take place within four to six years.
While the acquisitions remain a long -term goal, Gerovich noted that any metaplanet companies should be in line with its existing mission. He said:
“Perhaps it is the acquisition of a digital bank in Japan and the provision of digital banking services that are better than the services that retail now receive.”
Institutional support increases when a bitcoin strategy is accelerating
On June 7, the metaplanet bought 2,205 BTC for $ 237 million. It is the largest purchase of bitcoins so far and has moved its total shares to 15,555 BTC (worth $ 1.7 billion), making it the fifth largest public holder of the highest crypt.
Gerovich stressed that the company has no intention of selling any bitcoins. Instead, it will continue to increase capital for the growth of its reserves and describe the current environment as “bitcoin gold fever”.
He said:
“We have to accumulate as many bitcoins as possible, as we can … To get to the point where we reached escape speed and it is very difficult for others to catch up.”
With this in mind, the company is to obtain by the end of 2027 1% of Bitcoins or 210,000 BTC.
As a result, the aggressive attitude of bitcoins draws attention to significant institutional attention.
Capital Group, an asset manager based in the US with more than $ 2.6 trillion, is ready to become the largest shareholder of the metaplanet.
Since the latest update, the Capital Group has 44.2 million shares or approximately 6.6% of the company. This is just behind MMXX Ventures, which has 44.3 million shares or 6.7% of the Japanese company.
Gerovich welcomed the development, saying:
“It is an honor to see that our largest institutional investor is rising in the ranking and now almost a metaplanet #1 shareholder.”
