Metaplanet, a Japanese firm formerly focused on hotel operations, is using its Bitcoin reserves to pursue strategic acquisitions, notably targeting a digital bank in Japan. CEO Simon Gerovich described their approach as a 'Bitcoin gold rush,' emphasizing the necessity to accumulate substantial Bitcoin to achieve a competitive edge in the market. Currently holding 15,555 BTC, Metaplanet plans to increase its holdings to over 210,000 BTC by 2027, aiming for 1% of the total Bitcoin supply. As part of its expansion strategy, Metaplanet intends to use Bitcoin as collateral to secure financing for acquisitions, moving towards better digital banking solutions for customers. Regarding growth funding, Gerovich expressed a preference for preferred shares over convertible debt, to avoid repayment pressures. Recently, the company purchased additional Bitcoin for $237 million, significantly boosting its total holdings and demonstrating a strong market presence with its stock value increasing over 345% this year, resulting in a market cap exceeding $7 billion.

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