- Metaplanet plans to expand its Bitcoin holdings to 10,000 BTC by 2025.
- The company recently purchased 619.7 BTC for US$60.6M, increasing its total holdings to 1,761 BTC, ranking 15th among corporate Bitcoin holders.
- CEO Simon Gerovich described 2024 as a transformational year, focusing on record-breaking Bitcoin acquisitions and shareholder value.
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. It will leverage capital market tools, engage shareholders through new initiatives, and use partnerships to promote Bitcoin adoption in Japan and globally.
Breaking New Records
Metaplanet recently made its largest Bitcoin acquisition to date, purchasing 619.7 BTC for approximately US$60.6M (AU$96M), bringing its total holdings to 1,761 BTC. The company is currently ranked 15th among corporate Bitcoin holders, but it aims to climb higher and sit next to industry leaders like Marathon Digital, Riot, and of course, MicroStrategy.
Related: Marathon Digital Doubles Down on ‘Full-Hodl Strategy’, Boosts BTC Holdings and Unveils Dip Reserve
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, representing 2.1% of Bitcoin’s total supply.
Going 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:
Last year was transformational, as we broke records, expanded our Bitcoin treasury, and reinforced our position as Asia’s leading Bitcoin Treasury Company. This year, we’re laser-focused on execution and driving even greater value for our shareholders.
Simon Gerovich, Metaplanet CEOAlso, 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:
The U.S. adopting a Bitcoin Strategic Reserve could trigger a global domino effect. As game theory kicks in, nation-states will race to accumulate Bitcoin, knowing the last to act will pay the highest price. Fixed supply. Infinite demand.
Simon Gerovich, Metaplanet CEORelated: BlackRock’s IBIT Bitcoin ETF Sees Record Largest Single-Day Outflow
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