
Metaplanet has entered phase two of its Bitcoin strategy, using BTC as collateral for acquisitions.
The firm now holds 15,555 BTC worth $1.7B and aims for 210,000 BTC by 2027.
CEO Simon Gerovich plans to turn Bitcoin into a financing tool to buy profitable businesses.
Japanโs Metaplanet has clearly moved beyond just stacking Bitcoin. Now, itโs ready to put it to work.
The Tokyo-listed company, once known for running hotels, has taken a sharp turn in recent years, becoming one of the worldโs most aggressive corporate Bitcoin holders. And now, itโs entering what CEO Simon Gerovich calls โphase twoโ of its strategy: using Bitcoin as collateral to finance acquisitions of profitable businesses.
From Holding to Building
Metaplanet added 2,205 BTC this week, bringing its total to 15,555 BTC, currently worth around $1.7 billion. That makes it the largest corporate Bitcoin holder outside of North America.
But Gerovich wants to turn Bitcoin into a financial engine.
โThen we have phase twoโฆ when bitcoin, like securities or government bonds, can be deposited with banks and then theyโll provide very attractive financing against that asset,โ he told the Financial Times.
With that financing, Metaplanet plans to buy cash-flowing businesses and grow beyond just being a BTC-heavy balance sheet.
The Bigger Target: 210,000 BTC by 2027
Yes, you read that right. Metaplanet has set its sights on 210,000 BTC by the end of 2027.
โWe need to accumulate as much bitcoin as we canโฆ to get to a point where weโve reached escape velocity and it just makes it very difficult for others to catch up,โ Gerovich said.
Phase one is all about accumulation. Phase two is about turning that position into real-world power and scale.
Bitcoin as Collateral? Still Uncommon, But Thatโs the Point
While crypto-backed lending is common in crypto circles, itโs still rare in traditional finance. But thatโs exactly where Metaplanet sees the opportunity. By using BTC like bonds or stocks, the company believes it can unlock capital that others canโt.
It has already raised funds through bond sales and stock rights, and now it wants to move faster than the competition while Bitcoin is still available in meaningful volumes.
Gerovich expects phase one to last four to six more years, but once availability tightens, it could get harder for others to catch up.
Weโll keep a watch on the updates!