Ah, the eternal quest for the elusive Bitcoin! 🤑 Like a modern-day alchemist, Simon Gerovich, the CEO of Metaplanet, is on a mission to accumulate the coveted cryptocurrency, to the point of no return, or as he puts it, “escape velocity.” 🚀
In an interview with the Financial Times, Gerovich revealed his grand plan to build one of the world’s largest BTC treasuries, because, as we all know, one can never have too much of a good thing. 😏 He likens the current state of Bitcoin to a “gold rush,” and Metaplanet is determined to strike it rich.
Gerovich’s words of wisdom: “We think of it as a Bitcoin gold rush… 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.” In other words, it’s every man for himself in this wild west of cryptocurrency. 🤠
But fear not, dear reader, for Metaplanet’s plan is not just about hoarding Bitcoin like a digital Scrooge McDuck. 🤑 No, no! They have a phase two, where they’ll use their accumulated wealth to borrow money and buy “profitable businesses, cash-flowing businesses.” Because, as we all know, the key to success is not just having a lot of money, but also having a lot of debt. 🤑
Metaplanet’s goal is to own at least 210,000 BTC by the end of 2027, because, why settle for anything less? 🤷♂️ They’ve already surpassed Coinbase, the largest crypto exchange in the world, which is no small feat. 🙌
According to BitcoinTreasuries.net, Metaplanet holds 15,555 BTC, making it the fifth-biggest Bitcoin treasury in the world. But Gerovich is not satisfied with this meager amount. He wants more, more, MORE! 🤑
Gerovich says the company is still in the “really, really early” stages of its plan, which is code for “we’re just getting started.” 🚀 He predicts that it will take four to six years to complete phase one of their Bitcoin accumulation plan, and then it will become “incrementally more difficult.” 🤔
But don’t worry, dear reader, for Metaplanet is not just a mindless Bitcoin-hoarding machine. They have a strategy, a plan, a vision! 🤓 And if you’re lucky, you might just be able to catch a glimpse of their greatness, before they reach escape velocity and leave us all in the dust. 🚀
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2025-07-09 01:02