- Metaplanet aims to grow its Bitcoin holdings to 10,000 BTC by 2025.
- Bitcoin’s surge to $100K drives institutional interest, boosting Metaplanet’s stock and crypto strategy.
2024’s last month witnessed a groundbreaking achievement for Bitcoin [BTC], as it soared above the significant price point of $100,000.
As a crypto investor, I’ve seen my fair share of ups and downs, but here we are, with Bitcoin trading at an impressive $99,234.19, as reported by CoinMarketCap at the moment. Over the past day, it’s experienced a modest 0.87% rise.
Metaplanet’s 2025 plan
Building on the current bullish trend, Metaplanet is unveiling aggressive strategies to multiply its Bitcoin reserves by a factor of five, aiming to amass approximately 10,000 Bitcoins by the year 2025.
Furthermore, sharing his thoughts on the subject, Metaplanet CEO Simon Gerovich posted on X (previously known as Twitter), saying,
By 2025, we plan to grow our Bitcoin assets to a total of 10,000 Bitcoins using the best financial instruments at our disposal.
Gerovich laid out lofty objectives for the company’s upcoming journey, emphasizing transparency and enhancing shareholder interaction via creative strategies.
The organization intends to leverage collaborations to boost Bitcoin’s acceptance in Japan and worldwide, thereby strengthening its position in the cryptocurrency marketplace.
Is Metaplanet taking inspiration from MicroStrategy?
Metaplanet’s strategy closely resembles MicroStrategy’s well-known strategy of investing in Bitcoin, making it a significant force in the realm of cryptocurrencies.
As an analyst, I’m reporting that our company presently possesses approximately 1,762 Bitcoins, equating to a value of around $173.4 million. This substantial holding is the result of 19 strategic acquisitions we’ve made, positioning us as the largest corporate Bitcoin holder in Asia.
On December 23rd, it was revealed that the company acquired a substantial amount of 619.7 Bitcoins, with each Bitcoin costing approximately ¥15.3 million or $97,786. This acquisition increased their total Bitcoin holdings to over 1,761.98 Bitcoins, which is valued at more than $164 million.
Based on BitcoinTreasuries data, the company now stands at 15th position worldwide among publicly traded firms in terms of Bitcoin holdings, as aptly summarized by Gerovich.
“Together, we’re not just building a company but driving a movement.”
Impact on Metaplanet’s stock price
Metaplanet’s aggressive plan for acquiring Bitcoin is in line with optimistic forecasts from financial experts like VanEck and Bitwise. They anticipate that the value of Bitcoin could reach between $180,000 and $200,000 by 2025, possibly rising even further if a pro-cryptocurrency administration takes office in the U.S.
This tactic has boosted the upward trend of Metaplanet’s share prices, as they increased by 2.73%, reaching ¥3,575.00. This uptick mirrors an increasing trust among investors in their progressive business methods.
It’s yet to unfold what impact increasing institutional interest in Bitcoin will have on the overall cryptocurrency market.
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2025-01-06 14:15