Metaplanet plans to use its Holdings of Bitcoin for corporate acquisition: FT | CoinDesk JAPAN

• Metaplanet, the largest Bitcoin holdings company outside North America, will utilize Bitcoin as collateral to raise funds for the acquisition of profitable businesses.
• The company, which transitioned from a Japanese hotel company to a Bitcoin investor, acquired 2205 BTC this week, increasing its total Holdings to 15555 BTC (22.5818 billion yen).
• The company’s Bitcoin financial strategy "Phase 2" is to leverage its Bitcoin holdings to facilitate acquisitions, explained CEO Simon Gerovich.

The Financial Times reported on the 8th, citing an interview with CEO Simon Gerovich, that Metaplanet is considering the "second phase" of its Bitcoin (BTC) financial strategy.

MetaPlanet, the largest Bitcoin holdings company outside North America, stated that it will utilize Bitcoin as collateral to raise funds for the acquisition of profitable businesses, according to Mr. Gerovich.

The company, which transformed from a Japanese hotel company to a Bitcoin investor, acquired 2205 BTC this week, increasing its total holdings to 15555 BTC (22.5818 billion yen), with a goal of reaching 210000 BTC by the end of 2027.

According to a report by the Financial Times, Mr. Gerovitch stated that "in order to reach a point where it becomes very difficult for other companies to catch up, it is necessary to accumulate as many Bitcoins as possible."

"And then there is the second phase. Bitcoin will be able to be deposited in banks like securities or government bonds, and banks will provide very attractive loans using those assets as collateral. We will be able to use the funds obtained to acquire profitable companies and cash flow-generating businesses."

Loans collateralized by cryptocurrencies are offered by many cryptocurrency native companies, but are rare in traditional banks.

Mr. Gerovich added that the first phase will likely last for 4 to 6 years, after which the supply of Bitcoin will become tight, and acquisition will gradually become more difficult.

MetaPlanet's shares listed on the Tokyo Stock Exchange closed at 1,565 yen on the 8th, up 0.84% from the previous day. The company did not respond to CoinDesk's request for further comments.

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