Metaplenet, the largest corporate bitcoin
Holder out of North America, has bought additional 797 BTC, for a value of around $ 96 million, which takes its total of Bitcoin the holdings to 16,352.
Simon Gerovich, CEO of the hotelier that quotes in Tokyo, recently told the FT that the company aims to take advantage of these holdings as guarantees to finance business acquisitions that generate in cash, particularly in digital financial services.
Metaplenet’s strategy reflects the plan used by Michael Saylor’s strategy (Mstr): Accumulate Bitcoin through the issuance of capital and debt, then use the asset base to ensure financing for broader expansion.
Metaplenet has already taken advantage of the bonds of zero interest, the rights of acquisition of shares and the capital markets of the United States, including a planned injection of $ 5 billion in its subsidiary of Florida, to finance BTC that buys and strengthens its treasure infrastructure.
Read more: Metaplenet wants to use Bitcoin Holdings for acquisitions: FT
