Metaplanet Pioneers Bitcoin-Backed Financing—Banking on Crypto’s Collateral Revolution

Tokyo-listed Metaplanet just flipped traditional finance the ultimate crypto middle finger—using Bitcoin as collateral for bank loans. Who needs fiat credibility when you've got digital gold, right?

The collateral play shaking up institutional finance

While Wall Street still debates ETF approvals, this audacious move proves Bitcoin's real utility isn't trading—it's rewriting the rules of corporate finance. The kicker? Banks are actually considering it.

When hodling becomes a balance sheet strategy

Metaplanet's gamble exposes the delicious irony of crypto: the asset class banks once called 'worthless' might now backstop their loans. Talk about a plot twist worthy of a financial thriller—with 21% annualized volatility as the co-star.

One hedge fund manager quipped: 'Finally, a use case for Bitcoin that doesn't involve Elon Musk tweets or pizza purchases.' The revolution won't be televised—it'll be collateralized.

Institutional backing grows as Bitcoin strategy accelerates

On June 7, Metaplanet purchased 2,205 BTC for $237 million. This is its largest Bitcoin purchase to date and pushed its total holdings to 15,555 BTC (worth $1.7 billion), making it the fifth-largest public holder of the top crypto.

Gerovich emphasized that the company has no intention of selling any Bitcoin. Instead, it will continue to raise capital to grow its reserves, describing the current environment as a “Bitcoin  Gold rush.”

He said:

“We need to accumulate as much bitcoin as we can . . . to get to a point where we’ve reached escape velocity and it just makes it very difficult for others to catch up.”

Considering this, the firm aims to acquire 1% of Bitcoin’s supply or 210,000 BTC by the end of 2027.

As a result, the aggressive Bitcoin stance is drawing significant institutional attention.

Capital Group, a US-based asset manager with over $2.6 trillion under management, is poised to become Metaplanet’s largest shareholder.

As of the latest update, Capital Group holds 44.2 million shares or approximately 6.6% of the company. This is just behind MMXX Ventures, which has 44.3 million shares, or 6.7% of the Japan-based firm.

Gerovich welcomed the development, saying:

“Honored to see our largest institutional investor rising in the rankings and now nearly Metaplanet’s #1 shareholder.”