Author: Brayden Lindrea, CoinTelegraph; Translated by: Deng Tong, Golden Finance
Metaplanet aims to expand its Bitcoin reserves more than fivefold by 2025, reaching 10,000 Bitcoin, as analysts predict that this year's bull market may push Bitcoin prices above $200,000.
This Japan-based venture capital firm is one of the most prominent companies following the MicroStrategy Bitcoin investment strategy in 2024, currently holding 1,762 Bitcoin worth $173.4 million, purchased in 19 transactions.
Metaplanet CEO Simon Gerovich stated in an X post on January 5 that the goal for this year is to increase its holdings to 10,000 BTC by utilizing the most value-added capital market tools available.
Gerovich also stated that its goal is to promote the adoption of Bitcoin in Japan and globally, as well as to 'expand Metaplanet's influence in Japan and the Bitcoin ecosystem.'
'We are not just building a company; we are driving a movement,' Gerovich said. According to data from BitcoinTreasuries, Metaplanet is the largest corporate Bitcoin holder in Asia, ranking 15th among publicly listed companies.
Source: Simon Gerovich
As the plan was announced, asset management firms VanEck and Bitwise predicted that Bitcoin's price could reach between $180,000 and $200,000 by 2025—if the U.S. adopts a strategic Bitcoin reserve under the anticipated cryptocurrency-friendly Trump administration, the price could be even higher.
Gerovich stated that if the U.S. insists on establishing Bitcoin reserves, it could 'trigger a global domino effect.'
Countries around the world will follow suit, with Japan being one of those that see the U.S. as a big brother and follow in its footsteps. Therefore, if President Trump indeed adopts it as a strategic reserve, Japan and many other Asian countries will follow suit,” Gerovich explained at Michael Saylor's Bitcoin New Year party in Florida.
Metaplanet is one of many companies getting involved in Bitcoin in 2024, as Bitcoin has risen approximately 120% within a year.
Metaplanet purchased 619.7 Bitcoin on December 23, marking its largest purchase, which accounts for more than 35% of its total reserves. Since it began accumulating Bitcoin on April 23, its stock price has risen by 27.5%, with an average purchase price of $77,196.
Changes in Metaplanet's stock price over the past 12 months. Source: Google Finance
Gerovich's company plans to utilize various methods, including loans, stocks, and convertible bonds, to increase its Bitcoin holdings in 2025 and beyond.
On December 18, the company predicted it would achieve operating profit for the fiscal year ending December 31, marking its first operating profit since 2017.
