Japanese Firm Metaplanet Plans to Expand Its Bitcoin Holdings to 10,000 BTC by 2025

Japanese firm Metaplanet, often called the country's version of MicroStrategy, has revealed plans to expand its Bitcoin holdings to 10,000 BTC by 2025.

Japanese firm Metaplanet, known as the country's version of MicroStrategy, has announced plans to expand its Bitcoin ( BTC ) holdings to 10,000 BTC by 2025. The company will use capital market tools, engage shareholders with new initiatives and forge partnerships to promote Bitcoin adoption in Japan and globally.

Breaking New Records

Having made its largest Bitcoin acquisition to date, purchasing 619.7 BTC for approximately US$60.6M (AU$96M), Metaplanet now holds a total of 1,761 BTC. This places the company 15th among corporate Bitcoin holders, aiming to join the ranks of industry leaders such as Marathon Digital, Riot and MicroStrategy.

Speaking of which, MicroStrategy recently increased its Bitcoin holdings to 447,470 BTC, acquired at an average price of US$62,503 (AU$100.1K) per Bitcoin, which is roughly 2.1% of Bitcoin's total supply.

This all started with a single green dot. pic.twitter.com/dhkSg9YbvL

Back to Metaplanet, the company's CEO, Simon Gerovich, described 2024 as a “transformational year for Metaplanet,” highlighting record-breaking achievements in growing its Bitcoin treasury and strengthening its position in the market:

Moreover, speaking at Michael Saylor's Bitcoin New Year's Eve event, Gerovich suggested that if the United States were to adopt Bitcoin as a strategic reserve, it could Trigger a global domino effect: