Metaplanet has announced a plan to escalate its Bitcoin holdings to 10,000 by 2025 end.
The firm has purchased a total of 1,761.98 BTC in the past year.
This week brings glad tidings to the crypto community in the form of the largest cryptocurrency surpassing $100K. Bitcoin has gone full bullish as it reclaimed the $102K zone, though briefly, for the first time this year. Meanwhile, Michael Saylor has suggested an intriguing proposition to increase the cryptocurrency’s value – burn its keys.
While the community chews on this latest announcement, Metaplanet has taken to the spotlight with its 2025 goals. The Japanese investment firm has announced a plan to acquire 10,000 Bitcoin this year using several of their ‘capital market tools’. In a Jan 5, X post, Metaplanet’s CEO Simon Gerovich discussed its strategies for this new year.
Apart from the Bitcoin Acquisition, the CEO also stated other goals. The firm aims to focus on transparency and investor partnerships while advocating for increased Bitcoin adoption in Japan. They also plan to enhance their position in Japan and within the Bitcoin ecosystem.
Happy New Year to Our Valued Shareholders! As we step into 2025, I couldn’t be more excited about what lies ahead for Metaplanet. Last year was transformational, as we broke records, expanded our Bitcoin treasury, and reinforced our position as Asia’s leading Bitcoin Treasury… pic.twitter.com/K2HsOS8TaZ
— Simon Gerovich (@gerovich) January 5, 2025
These statements from Simon Gerovich have caught the attention of community members. Several members have wondered aloud if the firm is aiming to further tighten its hold over the cryptocurrency ecosystem as we approach the digital domination era.
Will Metaplanet Dominate the Bitcoin Ecosystem?
In the past year, Metaplanet purchased 1,761.98 Bitcoin tokens at an average price of $75,090 through 19 purchases. The holdings are currently worth $173.4 million, with Bitcoin trading at $99K, as per CMC data.
The Japanese firm has shown swift advancement in its investment strategy, following MicroStrategy. Metaplanet was one of the first firms to follow in the Michael Saylor founded firm’s footsteps in institutional Bitcoin investments.
However, its recent announcement has left members wondering if the Japanese firm aims to surpass MicroStrategy in Bitcoin holdings. The US investment firm currently holds 70.827K Bitcoin according to Arkham Intelligence data.
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