Metaplanet plans to expand its Bitcoin holdings to 10,000 by 2025

Deep Tide TechFlow News, on January 6, according to Cointelegraph, the Japanese listed company Metaplanet announced plans to expand its Bitcoin holdings to 10,000 by 2025. The company's CEO Simon Gerovich stated on January 5 that they will utilize the most value-added capital market tools to achieve this goal. Currently, the company holds 1,762 Bitcoins through 19 purchases, worth approximately $173.4 million.
As Asia's largest corporate Bitcoin holder, Metaplanet ranks 15th globally among publicly traded companies in terms of Bitcoin holdings. The company plans to increase its holdings through various means, including loans, equity, and convertible bonds. The company's most recent purchase on December 23 consisted of 619.7 Bitcoins, accounting for over 35% of its total holdings, with an average purchase price of $77,196. Gerovich stated that if the U.S. establishes a strategic Bitcoin reserve under the new government, it could trigger a global chain reaction, with Asian countries like Japan potentially following suit.