#Metaplanet Eyes Digital Bank Acquisition Using $BTC Treasury, Reports FT


Japanese firm Metaplanet plans to leverage its growing $BTC reserves to acquire cash-generating businesses, with a digital bank among potential targets.


CEO Simon Gerovich described the strategy as a "Bitcoin gold rush," aiming to accumulate holdings before using them as leverage for expansion.


The Tokyo-listed company currently holds 15,555 $BTC and targets over 210,000 by 2027, representing 1% of all Bitcoin that will ever exist.


Phase two involves using $BTC as collateral to access financing, similar to securities or government bonds.


"We'll get cash that we can use to buy profitable businesses," Gerovich explained to the Financial Times.


The company added 2,204 $BTC for $237 million on Monday, with each coin purchased at approximately $107,700.


Metaplanet's stock has surged over 345% this year, lifting its market cap above $7 billion despite limited revenue from traditional operations.

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July 08, 2025 at 4:43 PM
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