Metaplanet (3350) Focusing on the “second phase” of its Bitcoin treasury strategy, The Financial Times reported on Tuesdayciting an interview with CEO Simon Gerovich.
Metaplanet, where The largest company outside North America Bitcoin hidingGerovich said BTC will be used as collateral for the cash generation business to acquire funds.
Japanese hotel companies become Bitcoin investors Received 2,205 BTC this weekincrease its holdings to 15,555 BTC (US$1.7 billion) yes Target is 210,000 By the end of 2027.
“We need to accumulate as much bitcoin as possible … to get to the point where we reach the speed of escape, which makes it hard for others to catch up,” Glovic said.
“Then, when bitcoin (like securities or government bonds) can be deposited in a bank, we will have a second phase…and then, they will provide very attractive financing for the asset. We will get cash that we can use to buy profitable businesses, cash distribution businesses.”
Cryptocurrency-backed loans are Provided by many crypto-local companiesbut it is rare in traditional banks.
Gerovich added that the first phase could last four to six years, after which it is more difficult to obtain a gradual rate of BTC due to tightening availability.
Metaplanet’s Tokyo listed stocks ended 1,565 yen ($10.71) Tuesday, it was 0.84% higher on the day. The company did not immediately respond to further comments from Coindesk.
Read more: Metaplanet receives an additional 2,205 BTC, now crossing 15,555 bitcoins
