Japan Aims to Accumulate Bitcoin and Acquire Digital Banks: Here’s the Massive Goal!

Japan-based company Metaplanet announced it has taken action to increase its Bitcoin (BTC) reserves to acquire cash-generating businesses like digital banks.

Metaplanet, listed on the Tokyo Stock Exchange, stated that it has accelerated its growth strategy with Bitcoin (BTC) investments. The company's CEO, Simon Gerovich, likened the accumulation of Bitcoin to the gold rush period in an interview with the Financial Times. Gerovich noted that Metaplanet currently owns approximately 15,555 BTC and aims to exceed a total of 210,000 BTC by 2027. This amount accounts for about 1% of the total Bitcoin supply that will circulate in the market.

Gerovich revealed that they plan to use the accumulated Bitcoins as collateral to obtain loans. He expressed that with these loans, they want to acquire profitable companies that provide cash flow, including businesses offering digital banking services. The CEO stated that acquiring a Japan-based digital bank would be ideal for them and they aim to offer better solutions than existing services.

Metaplanet's strategy resembles crypto-collateralized loans, which are still rarely seen in the traditional finance world. Recently, major financial institutions like Standard Chartered and OKX have also begun launching pilot programs in this area.

Finally, on Monday, Metaplanet added 2,204 BTC to its reserves, raising its total Bitcoin assets to 15,555 BTC. The average purchase cost per BTC for the company is approximately $99,985. The company's market value has increased by more than 345% this year, surpassing $7 billion.

Metaplanet's strategy draws attention due to its similarity to Michael Saylor’s company Strategy, which currently holds one of the largest Bitcoin reserves with 597,000 BTC.