Metaplanet Plans Significant Bitcoin Expansion By 2025
According to Cointelegraph, Metaplanet, a venture capital firm based in Japan, is set to significantly increase its Bitcoin holdings, aiming to expand its stash more than fivefold to 10,000 Bitcoin by 2025. This ambitious plan comes as analysts predict a potential bull run that could see Bitcoin's value soar above $200,000. Currently, Metaplanet holds 1,762 Bitcoin, valued at approximately $173.4 million, following 19 separate purchases. The firm has been following a strategy similar to that of MicroStrategy, a notable player in Bitcoin investments.
Metaplanet's CEO, Simon Gerovich, announced on January 5 that the company intends to leverage the most effective capital market tools to achieve its goal of 10,000 BTC. Gerovich emphasized the firm's commitment to advancing Bitcoin adoption both in Japan and globally, aiming to enhance Metaplanet's influence within the Bitcoin ecosystem. He stated, "We’re not just building a company but driving a movement." Metaplanet is recognized as the largest corporate Bitcoin holder in Asia and ranks 15th among publicly listed companies worldwide in terms of Bitcoin holdings, according to BitcoinTreasuries data.
The firm's expansion plan aligns with predictions from asset managers VanEck and Bitwise, who foresee Bitcoin reaching between $180,000 and $200,000 by 2025. This forecast could be further bolstered if the United States adopts a strategic Bitcoin reserve, potentially under a crypto-friendly administration. Gerovich suggested that such a move by the US could trigger a global domino effect, with countries like Japan likely to follow suit. He shared these insights during an event hosted by Michael Saylor in Florida, highlighting the potential for widespread adoption across Asia.
In 2024, Metaplanet was among several firms that increased their Bitcoin investments, capitalizing on a 120% rise in Bitcoin's value over the year. The company's most recent acquisition of 619.7 Bitcoin on December 23 marked its largest single purchase, accounting for over 35% of its total holdings. Since beginning its Bitcoin accumulation on April 23, Metaplanet's shares have risen by 27.5%, with an average purchase price of $77,196 per Bitcoin. Looking ahead, the firm plans to utilize a combination of loans, equity, and convertible bonds to further boost its Bitcoin reserves in 2025 and beyond. Additionally, Metaplanet has projected an operating profit for the fiscal year ending December 31, marking its first profitable year since 2017.