Metaplanet’s second phase of Bitcoin strategy plans to pledge BTC for financing and considers acquiring local digital banks

Odaily Planet Daily News Metaplanet plans to use its growing Bitcoin reserves to acquire businesses with abundant cash flow, including considering acquiring a digital bank in Japan. In a recent interview, Metaplanet CEO Simon Gerovich said that the company is accelerating the accumulation of as many Bitcoins as possible, and then using these assets to expand, making it difficult for other competitors to catch up. The second stage of Metaplanet's Bitcoin strategy is to use Bitcoin as collateral to obtain financing, similar to securities or government bonds. Simon Gerovich said that future acquisition targets will be consistent with the company's strategy, which may be to acquire a digital bank in Japan and provide better digital banking services than existing retail banks. "Simon Gerovich ruled out the possibility of issuing convertible bonds, but was open to issuing preferred shares to support growth. (Cointelegraph)