Metaplanet Inc. Sets Sights on 10,000 BTC: A 470% Increase in Bitcoin Holdings
In a bold move, Metaplanet Inc. is planning to significantly boost its Bitcoin holdings by 470% this year, aiming to reach a total of 10,000 BTC. This ambitious expansion is part of the company’s ongoing accumulation strategy, which was first initiated in April.
A Record-Breaking Year Ahead
According to CEO Simon Gerovich, Metaplanet will utilize the most effective capital market tools available to expand its BTC holdings. Gerovich expressed his enthusiasm for the year ahead, stating that the company is “laser-focused on execution and driving even greater value for our shareholders.” This follows a transformational year in 2024, during which Metaplanet broke records, expanded its Bitcoin treasury, and solidified its position as Asia’s leading Bitcoin Treasury Company.
Current Holdings and Acquisition Strategy
As of December 23, Metaplanet holds 1,761.98 BTC, valued at approximately 27.2 billion yen (US$173.6 million). The company has made a series of 19 purchases throughout the year, with an average acquisition price of 11,846,002 yen per Bitcoin (roughly $75,000 each). Its most recent purchase of 619.70 BTC for 9.5 billion yen in December marked its largest single acquisition, representing about 35% of its total holdings.
Rapid Growth and Strategic Expansion
Metaplanet’s Bitcoin holdings began with 97.8 BTC on April 22 and have grown rapidly over the past six months, with the fastest pace occurring between October and December 2024. The company’s BTC Yield, which measures the amount of Bitcoin owned compared to its total shares, jumped from 42% to 310% in the last quarter of 2024. This indicates that Metaplanet acquired Bitcoin at a faster rate than it issued new shares.
Market Predictions and Institutional Investment
The transaction comes as Bitcoin traded near $100,000, with predictions from VanEck and Bitwise suggesting prices between $180,000 and $200,000 in 2025. As analysts forecast potential government adoption of Bitcoin reserves, which could trigger broader institutional investment in 2025, other corporate entities are beginning to aggressively accumulate Bitcoin with an eye on long-term growth.
A Shifting Acquisition Strategy
Metaplanet has reorganized its share structure to meet Tokyo Stock Exchange rules, effectively raising its trading price and expanding its Bitcoin purchasing power. The company has also secured additional funds through bond sales and a rights offering, which has enabled it to continue leveraging capital markets for future purchases.
What’s Next for Metaplanet and the Crypto Market?
As Metaplanet sets its sights on 10,000 BTC, the company is poised to become a major player in the crypto market. With its ambitious expansion target and strategic acquisition strategy, Metaplanet is well-positioned to capitalize on the growing demand for Bitcoin. As the crypto market continues to evolve, one thing is clear: Metaplanet is a company to watch in 2025.
Source: Decrypt.co
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