Tokyo-based company Metaplanet aims to increase its Bitcoin holdings from 15,555 BTC to 210,000 BTC by 2027. This ambitious plan includes utilizing Bitcoin reserves as collateral for acquisitions and ventures into digital banking.
Strategic Growth Plan Backed by Bitcoin Reserves
Metaplanet initiated its Bitcoin accumulation strategy, termed as 'Phase 1', in 2024 as a hedge against inflation. The company's objective is to achieve an inventory of 210,000 BTC, representing 1% of the total Bitcoin supply, to gain competitive scale advantage.
Exploring Digital Bank Acquisition
In 'Phase 2', Metaplanet plans to leverage its Bitcoin as bond-like collateral to generate cash through loans. The focus is on acquiring a profitable digital bank to open new revenue streams and reinforce reserves.
Impact on Market Valuation
The recent acquisition of 2,204 BTC in early July involved an expenditure of $237 million at an average price of $107,700 per BTC, positively affecting Metaplanet's share value, which surged by 345% since the beginning of the year and elevated its market valuation to $7 billion.
Thus, Metaplanet continues to actively pursue its goal of increasing Bitcoin holdings to 210,000 BTC, affirming the company's strategic approach towards growth and development in the digital finance sector.
