Metaplanet, the largest corporate bitcoin
Holder outside of North America, bought an additional 797 BTC, worth around $ 96 million, bringing its total Bitcoin Holdings to 16,352.
Simon Gerovich, CEO of the hotelier classified in Tokyo, recently told the FT that the company aims to take advantage of these warranty assets to finance the acquisitions of cash generating companies, in particular in digital financial services.
Metaplanet’s strategy reflects the plan used by Michael Saylor’s strategy (MSTR): accumulate bitcoin via the emission of equity and debt, then use the asset base to guarantee funding for wider expansion.
Metaplanet has already exploited zero interest obligations, shareholding rights and American capital markets, including a planned injection of $ 5 billion in its Florida subsidiary – to finance the purchase of the BTC and strengthen its treasury infrastructure.
Read more: Metaplanet wants to use Bitcoin Holdings for acquisitions: Ft
