Since 2024, the cryptocurrency industry has witnessed significant transformations and unexpected opportunities brought by both Bitcoin and altcoins. One notable event is the entry of Cango, a financial lending organization from Shanghai, into the Bitcoin mining sector. With plans to possess 50 exahashes per second (EH/s) of mining capacity, Cango has established its position among the leading Bitcoin mining companies in the world.
Cango, although only recently entering the Bitcoin mining industry, has made strategic moves by investing $256 million in 32 EH/s from Bitmain and raising another $144 million through equity to achieve its goal of 50 EH/s. This is not merely a financial decision, but also reflects Cango's long-term vision of leveraging mining as a tool to balance global energy demand.
At the same time, in its home country of Japan, Metaplanet has made a bold yet promising statement: to increase its Bitcoin holdings from 1,762 BTC to 10,000 BTC by 2025. CEO Simon Gerovich expects that the Bitcoin frenzy could push its value up to $200,000, laying the groundwork for a new development phase for both Metaplanet and the cryptocurrency industry in Asia. Through capital market tools such as lending, issuing stocks, and convertible bonds, Metaplanet aims not only to bolster its Bitcoin reserves but also to enhance its global acceptance, especially in Japan.
As the price of Bitcoin surged in 2024, Metaplanet's stocks also grew significantly, and the company forecasts substantial operating profits for the first time since 2017. This marks a milestone affirming Metaplanet's readiness and determination to lead the future cryptocurrency revolution.
Thus, 2025 is witnessing not only an increase in the value of cryptocurrencies but also a structural change in the global digital economy, with Bitcoin and altcoins playing a crucial role. The entry of major companies into this game not only impacts financial figures but also creates a wave of profound influence on the thinking and development strategies of numerous businesses worldwide.
