Metaplanet targets 210,000 BTC by 2027 to solidify its role as a leading Bitcoin-focused corporation.
The company’s strategy includes borrowing against Bitcoin to fund acquisitions such as a Japanese regional bank.
CEO Simon Gerovich anticipates massive global Bitcoin adoption in three to five years, projecting a price surge.
Simon Gerovich, CEO of Metaplanet, has reaffirmed the company’s commitment to becoming a "Bitcoin-only" enterprise. Speaking recently, Gerovich stressed that the firm’s singular focus is to accumulate as much Bitcoin as possible. He clarified that Metaplanet's current phase is centered entirely on building its BTC reserves.
Metaplanet has announced its objective to hold up to 210,000 BTC by 2027. The company is already the fifth-largest corporate Bitcoin holder, with 15,555 BTC currently under management. According to Gerovich, reaching this target would position Metaplanet to become a key player in the Bitcoin ecosystem and set the foundation for strategic leverage.
Phase Two Envisions Acquisitions Backed by BTC Reserves
Gerovich outlined a multi-phase approach where the second phase involves using Bitcoin holdings to secure credit for acquisitions. He specifically mentioned plans to potentially acquire a regional Japanese bank during this phase. The idea is to leverage Bitcoin as a pristine balance sheet asset to access traditional capital markets.
The announcement of phase two attracted criticism from some conservative Bitcoin advocates, leading Gerovich to clarify his intentions. He emphasized that the acquisition strategy is part of a longer-term plan expected to unfold over the next three to five years. Gerovich indicated that full-scale adoption of Bitcoin-backed finance would take time but remains confident about future institutional acceptance.
Market Outlook Tied to Massive BTC Price Surge
Gerovich believes that widespread global adoption of Bitcoin could drive its price significantly higher. He projected potential valuations ranging between $1 million and $5 million per BTC within the next several years. The company’s strategy banks on such growth, aligning its plans with a bullish long-term view of the cryptocurrency market.
James Chanos, a notable short seller, criticized the bold expansion plans and suggested that Gerovich might be adjusting his stance under pressure. Gerovich responded by encouraging Chanos to bet against Metaplanet, showing confidence in the firm’s direction despite the pushback.
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