Metaplanet Plans to Leverage Bitcoin to Acquire Japanese Digital Bank

Japanese listed company Metaplanet is accelerating the accumulation of Bitcoin and plans to use its Bitcoin holdings as collateral to obtain funds for the acquisition of profitable businesses, including the possible acquisition of a Japanese digital bank.

CEO Simon Gerovich said that the next stage will be to use Bitcoin-backed financing for expansion. This year, the company's stock price has risen by more than 345%, and its market cap has exceeded $7 billion.