Simon Gerovich, CEO of Japanese investment company Metaplanet, stated that the company aims to expand its Bitcoin holdings to 10,000 BTC by 2025, an increase of more than five times compared to its current inventory.
Gerovich stated on social media platform X on Sunday that Metaplanet plans to increase its Bitcoin reserves to 10,000 BTC by 'utilizing the most effective capital market tools available to us.' The company currently holds approximately 1,761.98 BTC (worth around 175.4 million USD), with a total cost of 20.872 billion yen.
Metaplanet's other goals include: enhancing transparency and shareholder engagement through new initiatives, leveraging its partnerships to drive Bitcoin adoption in Japan and globally, and exploring innovative opportunities to enhance Metaplanet's influence in Japan and 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
Metaplanet's most recent Bitcoin purchase occurred in late December, with an increase of 619.7 BTC. Before the purchase, the company raised 9.5 billion yen (approximately 606 million USD) through two batches of bond issuance in the same month.
Metaplanet made a strategic shift in its financial management strategy in April 2024, adopting Bitcoin as a strategic reserve asset to hedge against Japan's debt burden and the resulting fluctuations in the yen.
According to data from Yahoo Finance, Metaplanet's stock price closed up 2.73% on Monday, ending at 3,575 yen, with an increase of up to 1947% in 2024.
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