Metaplanet CEO Simon Gerovich said in an interview with the Financial Times that the Japanese company, which focuses on bitcoin investment, plans to use its bitcoin reserves to acquire cash-generating businesses.

Once sufficient bitcoin has been acquired, Metaplanet intends to leverage these holdings as collateral to secure financing for purchasing profitable businesses.

This may include acquiring digital banks in Japan, aligning with the company’s financial services objectives.

Metaplanet has set a target of reaching 210,000 BTC, valued at around US$23 billion, by the end of 2027.

Despite some investor skepticism regarding its valuation and strategy, the company has experienced market growth.

Its shares have increased by 318% year-to-date as of July 2025.

The firm is now the fifth-largest publicly listed corporate bitcoin holder.

🔗 Source: The Block

🧠 Food for thought

1️⃣ Corporate bitcoin treasuries evolving beyond simple holdings

Metaplanet’s strategy marks a significant evolution in how companies use bitcoin holdings, shifting from passive reserves to active financial instruments.

By planning to leverage their bitcoin as collateral for acquiring cash-generating businesses, they’re pioneering a model where cryptocurrency becomes a foundation for traditional business expansion rather than just a store of value 1.

This approach aligns with broader trends in bitcoin-backed lending, where holders access liquidity without triggering taxable events from selling their assets, a market projected to grow significantly by 2033 2.

The strategy represents a maturation in corporate bitcoin strategies beyond the simple accumulation seen in early adopters, with companies now controlling approximately 855,000 BTC (4% of total supply) and doubling ETF acquisitions in the first half of 2025 3.

Metaplanet’s goal of accumulating 210,000 BTC by 2027—representing 1% of bitcoin’s total supply—demonstrates how bitcoin treasuries are becoming core strategic assets rather than speculative investments 4.

2️⃣ Bitcoin-backed financing creates new corporate expansion models