Metaplanet eyes upping Bitcoin holdings to 10K BTC in 2025
Metaplanet now possesses 1,762 Bitcoin and plans to raise its holdings by 467% to 10,000. Metaplanet plans to increase its Bitcoin holdings more than fivefold to 10,000 by 2025, as analysts expect a bull run this year that could push Bitcoin past $200,000.
The Japan-based venture capital business was one of the most significant corporations to follow MicroStrategy’s Bitcoin investment playbook in 2024, and it presently owns 1,762 Bitcoin BTC$99,490 worth $173.4 million after 19 purchases.
Metaplanet CEO Simon Gerovich stated in a Jan. 5 X post that the company’s goal this year is to raise its holdings to 10,000 BTC “by utilizing the most accretive capital market tools available to us.”
Gerovich also stated that it seeks to increase Bitcoin acceptance in Japan and around the world, as well as “grow Metaplanet’s impact in Japan and the Bitcoin ecosystem.”
“We’re not just building a company but driving a movement,” Gerovich told reporters. According to BitcoinTreasuries data, Metaplanet is Asia’s largest corporate Bitcoin holder and ranks 15th among publicly traded firms.
The move comes as asset managers VanEck and Bitwise believe Bitcoin will reach $180,000 to $200,000 by 2025, or even higher if the United States establishes a strategic Bitcoin reserve under an expected crypto-friendly Trump government.
Gerovich stated that if the US establishes a Bitcoin reserve, it might “trigger a global domino effect.” “Countries around the world will follow; Japan is one of those countries that look to the US as their big brother, following in their footsteps, so if President Trump adopts it as a strategic reserve, Japan and many other Asian countries will do the same,” Gerovich said at Michael Saylor’s Bitcoin New Year’s Eve party in Florida.
Metaplanet is one of many companies that invested in Bitcoin in 2024, as the currency increased by almost 120% over the previous year. Metaplanet’s most recent acquisition of 619.7 Bitcoin on December 23 was its largest, accounting for more than 35% of its total holdings, and its shares are currently up 27.5% since April 23, when it began accumulating Bitcoin at an average purchase price of $77,196.
Gerovich’s firm intends to boost its Bitcoin holdings in 2025 and beyond through a combination of loans, equities, and convertible bonds. On December 18, the company anticipated an operating profit for the fiscal year ending December 31, the first since 2017.
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