Metaplanet, a prominent Japanese Bitcoin treasury firm, has recently unveiled an ambitious strategy to leverage its growing Bitcoin reserves to acquire profitable businesses. In a recent report by the Financial Times on July 8, Metaplanet CEO Simon Gerovich outlined the company’s plan to use Bitcoin as collateral to access bank financing in order to fund acquisitions.
Gerovich expressed his vision for the future, stating, “When bitcoin, like securities or government bonds, can be deposited with banks and then they’ll provide very attractive financing against that asset. We’ll get cash that we can use to buy profitable businesses, cash-flowing businesses.” He estimates that this transition could be realized within the next four to six years.
While acquisitions are a long-term objective for Metaplanet, Gerovich emphasized that any businesses targeted for acquisition must align with the company’s core mission. He mentioned the possibility of acquiring a digital bank in Japan to offer superior digital banking services to retail customers.
On June 7, Metaplanet made its largest Bitcoin purchase to date, acquiring 2,205 BTC for $237 million. This purchase brought the company’s total Bitcoin holdings to 15,555 BTC, valued at $1.7 billion, making Metaplanet the fifth-largest public holder of Bitcoin. Gerovich reiterated that the company has no plans to sell any of its Bitcoin holdings and will continue to raise capital to increase its reserves, describing the current environment as a “Bitcoin gold rush.”
With the goal of acquiring 1% of Bitcoin’s total supply, equivalent to 210,000 BTC, by the end of 2027, Metaplanet is aggressively pursuing its Bitcoin accumulation strategy. This bold stance on Bitcoin has attracted significant institutional interest, with US-based asset manager Capital Group poised to become Metaplanet’s largest shareholder. Capital Group currently holds 44.2 million shares, representing approximately 6.6% of the company, closely trailing MMXX Ventures, which holds 44.3 million shares, or 6.7% of the Japan-based firm.
Gerovich welcomed Capital Group’s increasing stake in Metaplanet, expressing his gratitude by stating, “Honored to see our largest institutional investor rising in the rankings and now nearly Metaplanet’s #1 shareholder.”
Metaplanet’s innovative approach to leveraging Bitcoin reserves for strategic acquisitions has positioned the company as a key player in the evolving landscape of digital asset management and investment. With a clear vision for the future and strong institutional backing, Metaplanet is poised for continued growth and success in the cryptocurrency industry.