Metaplanet is aiming to broaden its Bitcoin stash greater than fivefold to 10,000 Bitcoin in 2025, as analysts predict a bull run this yr that would see Bitcoin rise above $200,000.
The Japan-based enterprise capital agency was probably the most notable corporations to observe MicroStrategy’s Bitcoin investment playbook in 2024 and at present holds 1,762 Bitcoin (BTC) price $173.4 million from 19 purchases.
Metaplanet CEO Simon Gerovich said in a Jan. 5 X publish that its goal this yr is to extend its holdings to 10,000 BTC “by using probably the most accretive capital market instruments out there to us.”
Gerovich additionally stated it goals to advance Bitcoin adoption in Japan and globally, in addition to to “develop Metaplanet’s influence in Japan and the Bitcoin ecosystem.”
“We’re not simply constructing an organization however driving a motion,” stated Gerovich. Metaplanet is the biggest company Bitcoin holder in Asia and has the fifteenth largest Bitcoin holdings amongst publicly listed corporations, in line with BitcoinTreasuries data.
Supply: Simon Gerovich
The plan comes as asset managers VanEck and Bitwise predict Bitcoin will attain $180,000 to $200,000 in 2025 — or doubtlessly increased if the US adopts a strategic Bitcoin reserve below an anticipated crypto-friendly Trump administration.
Gerovich said if the US follows by way of with a Bitcoin reserve, it might “set off a world domino impact.”
“Nations all over the world will observe, Japan is a kind of international locations the place they do look to the US as their huge brother, following their footsteps, so if President Trump does undertake it as a strategic reserve then Japan and plenty of different international locations in Asia will do the identical,” Gerovich defined at Michael Saylor’s Bitcoin New Years Eve social gathering in Florida.
Metaplanet is amongst many corporations that plunged into Bitcoin in 2024, as Bitcoin gained round 120% over the yr.
Associated: Semler Scientific ‘laser-focused’ on buying Bitcoin, says CEO
Metaplanet’s latest purchase of 619.7 Bitcoin on Dec. 23 was its largest — representing over 35% of its whole stash, and its shares at the moment are up 27.5% because it first started accumulating Bitcoin on April 23 with a median buy worth of $77,196.
Metaplanet’s change in share worth over the past 12 months. Supply: Google Finance
Gerovich’s agency plans to utilize a mix of loans, fairness and convertible bonds to extend its Bitcoin holdings in 2025 and past.
On Dec. 18, the agency forecasted to see an operating profit for the fiscal yr ending Dec. 31, which might mark its first since 2017.
Journal: AI may already use more power than Bitcoin — and it threatens Bitcoin mining
