Metaplanet Bolsters Bitcoin Holdings, Eyes Growth Through Crypto Leverage
Metaplanet, listed on the Tokyo Stock Exchange and recognized as Japan’s largest corporate bitcoin holder outside North America, has acquired an additional 797 BTC worth about $96 million. This purchase brings the company’s total bitcoin holdings to 16,352 BTC.
The firm’s strategy closely follows the model set by Michael Saylor’s MicroStrategy (MSTR), focusing on building significant bitcoin reserves through equity and debt issuance, and then using those holdings to secure funding for broader business ventures.
CEO Simon Gerovich told the Financial Times that Metaplanet plans to leverage its bitcoin holdings as collateral to fund the acquisition of profitable businesses, especially in the digital financial services industry.
Metaplanet has already explored diverse financing methods, including zero-interest bonds, stock acquisition rights, and tapping U.S. capital markets. The company is also planning a substantial $5 billion capital injection into its Florida subsidiary to support further bitcoin purchases and enhance its treasury operations.
