Metaplanet CEO Vows to Hoard Bitcoin, Plans Bank Buyout With BTC Loans

• Metaplanet aims to acquire 100,000 BTC by 2026.
• CEO reveals plans to buy a Japanese bank using Bitcoin.
• Strategy sparks debate within the conservative Bitcoin investor community.

Simon Gerovich, CEO of Metaplanet, has doubled down on the company’s Bitcoin-only strategy as it works to increase its holdings significantly. According to a recent statement on X, Gerovich made it clear that Metaplanet’s top priority is to accumulate as much Bitcoin as possible.

He described this move as vital for reaching what he called “escape velocity,” where the company’s Bitcoin position becomes nearly impossible for others to match. Metaplanet is the fifth biggest corporate Bitcoin owner with 15,555 BTC and has plans to add 100,000 BTC by the close of 2026.

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In an interview for the Financial Times, Gerovich disclosed another stage of the long-term company strategy. This step is likely to involve borrowing on its Bitcoin assets to help finance any acquisitions it may have to make, such as a regional bank in Japan. The decision would be an immense change in the usage of Bitcoin by companies to step beyond conventional fringe resources.

He said this plan can be extrapolated within three to five years, depending on how quickly the world will adopt Bitcoin and what the price will do in the future. By this time, Gerovich stated that the BTC price would go as high as between 1 million and 5 million dollars per coin. He continued to say that Bitcoin would be a clean source of finance that companies can access by borrowing against and growing.

Phase Two Could Reshape Bitcoin’s Role in Corporate Finance

However, the ambitious strategy has drawn criticism from some conservative members of the Bitcoin community. James Chanos, a prominent short-seller, believes Gerovich softened his language a day later following the backlash. Chanos pointed out a noticeable shift in tone, suggesting the CEO may be adjusting his message under pressure.

Nonetheless, as controversial as it was, Gerovich stood his ground and went on to challenge Chanos to bet against the company. Based on its publicity, Metaplanet is not giving up on its mission of being a dominant player in the Bitcoin environment.

However, its implementation is burdened by a practical challenge since most of the big banks are yet to be prepared to provide custody services in Bitcoin. Until that changes, borrowing against Bitcoin at scale may remain out of reach.

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