Metaplanet CEO predicts a “Bitcoin Gold Rush.” -

The CEO of Bitcoin Hoarder Metaplanet says the company is trying to accumulate so much BTC that it will be impossible for others to keep up in the future.

Speaking with the Financial Times, Simon Gerovich says he is taking advantage of Bitcoin’s “gold rush” moment by planning a long-term strategy to build one of the world’s largest BTC Treasury ministries before pivoting to other investment opportunities.

Jerovic says,

“We consider it a bitcoin gold rush. We need to accumulate as much Bitcoin as possible to reach the point where we can get to the escape rate.

Next, there is Phase 2 where you deposit Bitcoin, such as securities and government bonds, into the bank, and then provide a very attractive financing for the assets. Get cash you can use to buy profitable companies, cash flowing businesses. ”

Metaplanet previously announced its goal to own at least 210,000 BTC by the end of 2027.

The company’s BTC Holdings recently surpassed Coinbase, the world’s largest crypto exchange, which has been running since Bitcoin fell below $30.

According to bitcointreasuries.net, Metaplanet holds 15,555 BTC, making it the fifth largest Bitcoin Treasury in the world. Hitting the 210,000 mark will soon become the second largest in the world to Michael Saylor’s strategy.

Gerovic says the company is still in the “really, really early” stage of its plan. He says that you can move to a strategy of using Bitcoin as collateral to buy and buy cash flowing assets like profitable businesses.

“Four to six years is probably Phase 1 of this Bitcoin accumulation phase, and it’s gradually going to be difficult beyond that.”

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