Author: Brayden Lindrea, CoinTelegraph; Translated by: Deng Tong, Golden Finance
Metaplanet aims to expand its Bitcoin reserves more than fivefold to 10,000 Bitcoin by 2025, as analysts predict that this year's bull market could push Bitcoin prices beyond $200,000.
This Japan-based venture capital firm is one of the most notable companies following the MicroStrategy Bitcoin investment strategy in 2024, currently holding 1,762 Bitcoin worth $173.4 million, acquired in 19 purchases.
Metaplanet's CEO Simon Gerovich stated in an X post on January 5 that this year's goal is to increase its holdings to 10,000 BTC "by utilizing the most value-added capital market tools available to us."
Gerovich also stated that his goal is to promote Bitcoin adoption 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, with the 15th largest Bitcoin holdings among publicly listed companies.
Source: Simon Gerovich
As this plan is announced, asset management firms VanEck and Bitwise predict that by 2025, Bitcoin prices will reach between $180,000 and $200,000—potentially higher if the U.S. adopts a strategic Bitcoin reserve under the anticipated cryptocurrency-friendly Trump administration.
Gerovich stated that if the U.S. persists in establishing a Bitcoin reserve, it could "trigger a global domino effect."
"Countries around the world will follow suit, and Japan is one of those countries that view the U.S. as an older brother and follow in its footsteps. Therefore, if President Trump does make it a strategic reserve, Japan and many other countries in Asia will follow suit," Gerovich explained at Michael Saylor's Bitcoin New Year party in Florida.
Metaplanet is one of many companies venturing into Bitcoin in 2024, with Bitcoin rising approximately 120% within a year.
Metaplanet purchased 619.7 Bitcoin on December 23, marking its largest purchase, accounting for over 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.
Metaplanet's stock price changes over the past 12 months. Data source: Google Finance
Gerovich's company plans to increase its Bitcoin holdings through various means such as loans, stocks, and convertible bonds in 2025 and beyond.
On December 18, the company projected that it would achieve operating profit for the fiscal year ending December 31, marking the first operating profit for the company since 2017.
