Metaplanet, the BIGTH COMPANYS BITCOIN
The proprietor outside North America has purchased an additional 797 BTC worth around $ 96 million, bringing its total Bitcoin stocks to 16,352.
Simon Gerovich, CEO of Tokyo-Listed Hotelier, recently told FT that the company is aiming to utilize these stocks as security for financing acquisition of cash-generating companies, especially in digital financial services.
Metaplan’s strategy mirroring the plan used by Michael Saylor’s strategy (Mstr): Accumulating Bitcoin via equity and debt issues, and then use the asset base to secure financing for wider expansion.
Metaplanet has already utilized zero -interest bonds, share purchase rights and US capital markets -including a scheduled $ 5 billion injection in its Florida subsidiary -to finance BTC purchases and strengthen its State Treasury Infrastructure.
Read more: Metaplanet wants to use Bitcoin Holdings for acquisitions: FT
