Top-5 Bitcoin Treasury Company Eyes Buying Digital Bank

According to an article published by the Financial Times, the fifth-largest Bitcoin treasury company, Metaplanet, is considering an acquisition of a digital bank in Japan. The crypto community definitely got excited about this news with one X user stating: “That’s not just bullish — that’s next-level adoption.”

Metaplanet needs more BTC before making large acquisition

In a recent interview with the FT, the CEO of the Japanese company Metaplanet, which used to work in the hotel business and recently adopted a Bitcoin strategy, Simon Gerovich, stated that the company plans to accumulate as much BTC as it can in order to use this wealth to accumulate a “cash-generating businesses.”

Gerovich hinted that Metplanet may expand into the sphere of digital financial services and acquire a digital bank in Japan. No more details about these plans were disclosed. By 2027, Metaplanet intends to have bought 210,000 Bitcoins (the figure that mirrors the ultimate Bitcoin supply of 21,000,000 coins).

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Metaplanet now holds 15,555 BTC

After the most recent BTC acquisition was announced on Monday (adding 2,205 BTC worth $238.7 million) Metaplanet owns a whopping 15,555 Bitcoin, which makes it the fifth largest among Bitcoin treasury companies. Michael Saylor’s Strategy sits in first place with its holdings of 597,325 BTC.

On Monday, July 7, Strategy announced a staggering $14 billion unrealized Bitcoin gain, which lifts the worth of its BTC to roughly $65 billion.