Tokyo-listed investment firm Metaplanet has announced a transition into its second strategic phase, focusing on the acquisition of profitable companies using its Bitcoin assets.
Aggressive Bitcoin Accumulation Strategy
Metaplanet has made substantial purchases of Bitcoin, increasing its assets to 15,555 BTC, worth approximately $1.68 billion. CEO Simon Gerovich emphasized the importance of accumulating Bitcoin to achieve what he calls 'strategic velocity.' 'We need to accumulate as much Bitcoin as we can to make it very difficult for others to catch up,' he stated.
Metaplanet's Acquisition Strategy
The firm plans to use its Bitcoin holdings as collateral for financing the acquisition of profitable businesses. Specifically, Metaplanet is considering acquiring a digital bank in Japan. 'This may involve acquiring a digital bank and providing services that surpass what retail customers are currently receiving,' Gerovich explained.
Company's Financial Strategies
To fund its Bitcoin purchases and expansion plans, Metaplanet recently issued $207 million in ordinary bonds. Gerovich expressed caution about linking debt repayment to fluctuating share prices and showed interest in preferred shares for future funding.
Metaplanet intends to continue leveraging its Bitcoin assets for strategic expansion within the fintech sector, potentially leading to broader adoption of cryptocurrencies in traditional financial structures.
