CoinVoice has learned that, according to Cointelegraph, the Japanese publicly listed company Metaplanet has announced plans to expand its Bitcoin holdings to 10,000 coins by 2025. CEO Simon Gerovich stated on January 5 that they will utilize the most value-enhancing capital market tools to achieve this goal. Currently, the company holds 1,762 Bitcoins through 19 purchases, valued at approximately $173.4 million.
As the largest corporate holder of Bitcoin in Asia, Metaplanet ranks 15th globally among publicly listed companies in terms of Bitcoin holdings. The company plans to increase its holdings through various means, including loans, equity, and convertible bonds. The company recently purchased 619.7 Bitcoins on December 23, accounting for over 35% of its total holdings, with an average purchase price of $77,196. Gerovich stated that if the U.S. establishes a strategic Bitcoin reserve under the new government, it could trigger a global chain reaction, with Asian countries like Japan possibly following suit. [Original link]
