The second phase of Metaplanet's Bitcoin strategy plans to mortgage BTC to obtain financing and consider acquiring a local digital bank

On July 8th, according to Cointelegraph, Japanese company Metaplanet plans to use its growing Bitcoin reserves to acquire cash flow rich enterprises, including considering acquiring a digital bank domestically in Japan. In a recent interview, Simon Gerovich, CEO of Metaplanet, stated that the company is accelerating the accumulation of as much Bitcoin as possible and then using these assets for expansion, making it difficult for other competitors to catch up. Metaplanet was originally a hotel operator that began purchasing Bitcoin as a hedge against inflation in 2024. Currently, it holds 15555 BTC and plans to increase its holdings to over 210000 BTC by 2027 to account for 1% of the total Bitcoin. The second phase of Metaplanet's Bitcoin strategy is to use Bitcoin as collateral to obtain financing, similar to securities or government bonds. Simon Gerovich stated that future acquisition targets will be aligned with the company's strategy, possibly to acquire a digital bank in Japan and provide better quality digital banking services than existing retail banks. Simon Gerovich ruled out the possibility of issuing convertible bonds, but remained open to issuing preferred stocks to support growth.