Author: Brayden Lindrea, CoinTelegraph; Compiler: Deng Tong, Golden Finance
Metaplanet aims to expand its bitcoin reserves more than fivefold to 10,000 bitcoins by 2025 as analysts predict a bull run this year could push bitcoin prices above $200,000.
The Japan-based venture capital firm is one of the most notable companies following MicroStrategy’s bitcoin investment strategy in 2024 and currently holds 1,762 bitcoins worth $173.4 million, purchased in 19 installments.
Metaplanet CEO Simon Gerovich said in a Jan. 5 X post that the goal this year is to increase its holdings to 10,000 BTC “by leveraging the most value-added capital markets tools available to us.”
Gerovich also said the goal is to drive Bitcoin adoption in Japan and globally, as well as “expand Metaplanet’s influence in Japan and the Bitcoin ecosystem.”
“We are not just building a company, we are driving a movement,” Gerovich said. Metaplanet is the largest corporate Bitcoin holder in Asia and has the 15th-largest Bitcoin holdings among public companies, according to BitcoinTreasuries. The plan comes as asset managers VanEck and Bitwise predict that bitcoin will reach a price of $180,000 to $200,000 by 2025 — and potentially much higher if the U.S. adopts a strategic bitcoin reserve under the expected crypto-friendly Trump administration. Gerovich said if the U.S. follows through on its bitcoin reserve, it could “set off a global domino effect.”
“Countries around the world will follow suit, and Japan is one of those countries that sees the United States as a big brother and follows in its footsteps, so if President Trump does take it as a strategic reserve, then Japan and many other countries in Asia will follow suit,” Gerovich explained at Michael Saylor’s Bitcoin New Year’s Eve Party in Florida.
Metaplanet is one of many companies that have dabbled in Bitcoin in 2024, with Bitcoin up about 120% in a year.
Metaplanet purchased 619.7 Bitcoin on December 23, its largest purchase, which represents more than 35% of its entire reserves, and has risen 27.5% since it first began accumulating Bitcoin on April 23, with an average purchase price of $77,196.
Metaplanet's share price changes over the past 12 months. Source: Google Finance
Gerovich's company plans to use a variety of methods, including loans, stocks and convertible bonds, to increase its Bitcoin holdings in 2025 and beyond.
On December 18, the company forecast an operating profit for the fiscal year ending December 31, which would be the first time the company has achieved an operating profit since 2017.
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