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Cryptocurrency News Articles

Metaplanet Plans to Grow Bitcoin Holdings to 10,000 BTC by 2025, Representing a 467% Increase

Jan 07, 2025 at 05:05 am

Metaplanet, Japan's leading corporate Bitcoin (BTC) holder, plans to grow its BTC holdings to 10,000 BTC by 2025.

Metaplanet Plans to Grow Bitcoin Holdings to 10,000 BTC by 2025, Representing a 467% Increase

Japanese firm Metaplanet Holdings Inc (TYO:7051), renowned for being the leading corporate holder of Bitcoin (BTC), has unveiled plans to amass 10,000 BTC by 2025. This bold target marks a staggering 467% increase from its current stash of 1,762 BTC, currently valued at $173.4 million.

CEO Simon Gerovich announced the move on January 5, highlighting the firm’s deep commitment to Bitcoin adoption and its broader mission to champion innovation in Japan and beyond.

This ambitious plan dovetails nicely with predictions of a bull run in 2025, with analysts forecasting Bitcoin’s price to soar between $180,000 and $200,000. Moreover, should the U.S. administration, led by a crypto-friendly figure, adopt BTC as a strategic reserve, Gerovich believes it could set off a global trend, especially in Asia.

“Japan often follows the U.S. lead,” he stated at Michael Saylor’s BTC New Year’s Eve party in Florida.

Metaplanet began investing in Bitcoin in 2024, following MicroStrategy’s lead. The company made 19 purchases throughout the year, with its largest single purchase being 619.7 BTC on December 23, which now accounts for over 35% of its total holdings. This aggressive strategy has propelled Metaplanet’s shares by 950% since its first BTC acquisition on April 23, at an average price of $77,196.

To finance its Bitcoin expansion, the firm plans to utilize loans, equity, and convertible bonds. Metaplanet also projects its first operating profit since 2017, signaling financial stability as it embarks on this ambitious journey.

Metaplanet and Bitcoin HoldingsMetaplant currently ranks 15th globally among public companies in terms of Bitcoin holdings. With its sights set on becoming Asia’s largest corporate Bitcoin investor, the company's bold vision will undoubtedly shape the narrative of BTC adoption in Japan and beyond.

News source:www.tronweekly.com

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