Metaplanet, formerly known as a hotel operator, has significantly changed its strategy and is now actively exploring the use of Bitcoin as a financial tool.
From Holding to Active Use
This week, Metaplanet added 2,205 BTC, bringing its total to 15,555 BTC, making it the largest corporate Bitcoin holder outside North America. CEO Simon Gerovich stated that the company intends to use Bitcoin as collateral for financing deals to acquire profitable businesses.
Future Goals: 210,000 BTC by 2027
The company has set an ambitious goal of 210,000 BTC by 2027. Gerovich noted, "We need to accumulate as much Bitcoin as we can to get to a point where it becomes difficult for others to catch up."
Bitcoin as Collateral: Rarity in Traditional Finance
While the use of cryptocurrencies as collateral is common in crypto circles, it remains rare in traditional finance. Metaplanet sees this as an opportunity, planning to utilize Bitcoin like securities for rapid funding.
Metaplanet's strategy of using Bitcoin as collateral could unlock new opportunities for corporate financing and alter the market amid limited access to cryptocurrencies. The company is expected to continue closely monitoring market changes.
