Metaplanet targets 10,000 BTC by 2025, using loans, bonds, and equity funding to support acquisitions.
Metaplanet's stock soared 2,629% in 2024, reflecting success in Bitcoin strategy and market leadership.
Metaplanet promotes Bitcoin adoption in Japan, aiming to strengthen local and global market presence.
Metaplanet aims to own 10 000 BTC by 2025. CEO Simon Gerovich revealed this target on X. He remains committed to the company’s operational execution and shareholders value creation mandate this year.
The company began purchasing Bitcoin in May 2024 and now holds 1,762 BTC. These holdings are currently valued at $172.42 million. In December 2024, Metaplanet made its largest Bitcoin purchase. The company acquired 620 BTC for $60 million at an average price of $96,000.
Despite the gap to reach 10,000 BTC, Metaplanet remains confident. Available sources of finance include; loans, convertible bonds and equity funding, among others. These tools also helped to fund their acquisitions as seen in the year 2024.
Gerovich described 2024 as a transformational year for Metaplanet. He highlighted their growth in Bitcoin reserves and leadership in Japan's Bitcoin market. The company aims to strengthen this position in 2025 while increasing shareholder returns.
Financial Tools to Drive Bitcoin Acquisitions
Metaplanet will continue using capital market strategies to fund Bitcoin acquisitions. Loans, convertible bonds, and equity funding proved effective in 2024. The company plans to rely on these tools again this year.
These financial instruments allow Metaplanet to access capital without overburdening operations. They also minimize risks associated with large acquisitions. This strategy aligns with other corporate Bitcoin holders, such as MicroStrategy.
Apart from enhancing its own Bitcoin holdings, Metaplanet seeks to promote the use of the digital currency in Japan. It intends to coordinate efforts aimed at advancing the understanding of Bitcoin and making it more available. However, details about these initiatives remain unclear.
Metaplanet believes Bitcoin adoption is essential for long-term growth. The company aims to strengthen its presence in both local and global Bitcoin markets.
Stock Performance Reflects Bitcoin Strategy Success
Metaplanet's Bitcoin-focused strategy delivered strong stock market performance in 2024. Its stock price increased by 2.629%, becoming the best-performing stock in Japan. Market capitalization also grew by 126.21 billion yen ($808.4 million).
The company achieved its first projected profit since 2017, marking a financial milestone. Trading volume increased by 388 times year-over-year, reflecting growing investor interest.
Metaplanet reported a BTC yield of 310% between October and December 2024. This figure shows significant improvement from the 41.7% yield in the previous quarter.
Bitcoin remains central to Metaplanet's growth strategy. The company remains committed to its ambitious acquisition goals. Institutional adoption of Bitcoin continues to drive global demand, supporting Metaplanet's strategy.
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