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Japanese company Metaplanet has revealed plans to use its growing Bitcoin reserves to acquire cash-generating businesses, including a possible digital bank in Japan. The Tokyo-listed firm now holds 15,555 BTC after buying 2,204 more this week for $237 million, at an average price of $107,700 per coin.
CEO Simon Gerovich said the company aims to accumulate over 210,000 BTC by 2027, or 1% of all Bitcoin ever mined. He compared the strategy to a gold rush, emphasizing the need to reach “escape velocity” by using Bitcoin as leverage for expansion. Metaplanet intends to use its BTC as collateral, similar to government bonds, to raise capital for acquisitions.
Originally a hotel operator, Metaplanet has seen its stock soar over 345% this year, pushing its market cap beyond $7 billion. The firm mirrors MicroStrategy’s Bitcoin playbook, which holds over 597,000 BTC. Gerovich is open to issuing preferred shares to fund growth but ruled out convertible debt to avoid repayments tied to share price.
