Metaplanet intends to become the second largest corporate holder of bitcoin by 2027, increasing its reserves from 15,555 to 210,000 bitcoin, valued at nearly $23 billion. The company sees this effort as a bitcoin gold rush, strategically amassing coins to create a competitive advantage. CEO Simon Gerovich outlines future plans to leverage bitcoin against bank financing to acquire profitable businesses. Metaplanet has experienced significant stock growth and aims to mirror successful strategies employed by other bitcoin investment vehicles.
We think of it as a bitcoin gold rush. We need to accumulate as much bitcoin as we can... to get to a point where we've reached escape velocity and it just makes it very difficult for others to catch up.
Then we have phase two... when bitcoin, like securities or government bonds, can be deposited with banks and then they'll provide very attractive financing against that asset.
If Metaplanet reaches its 210,000 bitcoin target, it would likely become the second largest corporate bitcoin holder behind Strategy.
Gerovich expects, four to six years is probably phase one in this Bitcoin accumulation phase...
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