Metaplanet is entering phase two of its bold Bitcoin (BTC-USD) strategy and it may involve buying a digital bank.

The Tokyo-listed firm, which began accumulating Bitcoin in 2024 to hedge against inflation, now holds 15,555 BTC after purchasing 2,204 coins this week for $237 million. CEO Simon Gerovich said the company’s next move is to start using its Bitcoin as collateral to finance acquisitions of cash-generating businesses.

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We think of it as a Bitcoin gold rush, Gerovich told the Financial Times. We need to accumulate as much as we can… to get to escape velocity.

Metaplanet is reportedly targeting assets that align with its vision including a digital bank in Japan, which could offer services that outpace traditional retail banking.

The firm’s longer-term goal is to own over 210,000 BTC by 2027 about 1% of Bitcoin’s total eventual supply. The company’s strategy mirrors that of MicroStrategy (MSTR, Financials), leveraging crypto holdings to fund real-world expansion, but with a distinct Japanese footprint.

This article first appeared on GuruFocus.