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Metaplanet plans to mortgage BTC for financing in second stage strategy, considers acquiring local digital bank
Summary: According to reports, Metaplanet plans to use its growing Bitcoin reserves to acquire cash-rich businesses, including considering acquiring a digital bank in Japan. In a recent interview, Metaplanet CEO Simon Gerovich stated that the company is accelerating the accumulation of as much Bitcoin as possible, and then using these assets for expansion to stay ahead ...
According to reports, Metaplanet plans to use its growing Bitcoin reserves to acquire cash-rich businesses, including considering acquiring a digital bank in Japan. In a recent interview, Metaplanet CEO Simon Gerovich stated that the company is accelerating the accumulation of as much Bitcoin as possible, and then using these assets for expansion to stay ahead of competitors. The second stage of Metaplanet's Bitcoin strategy involves using Bitcoin as collateral to obtain financing, similar to securities or government bonds. Simon Gerovich stated that future acquisition targets will align with the company's strategy, potentially acquiring a digital bank in Japan and offering superior digital banking services compared to existing retail banks. Gerovich ruled out the possibility of issuing convertible bonds, but remains open to issuing preferred shares to support growth.
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Link: Metaplanet plans to mortgage BTC for financing in second stage strategy, considers acquiring local digital bank [Copy]
