Metaplanet’s second phase of Bitcoin strategy plans to pledge BTC for financing and considers acquiring local digital banks
Odaily News 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 said the company is accelerating the accumulation of as much Bitcoin as possible and then using these assets to expand, making it difficult for other competitors to catch up.
The second phase of Metaplanets 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 companys strategy, possibly acquiring a digital bank in Japan and providing 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)
You may also like

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The little deer live by the water and grass

The world belongs to Chinese people who speak English

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

$1.3 Billion Debt: BitDeer Faces Tough Battle

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Ethereum Unveils Scaling Roadmap, What's Different This Time?

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
