Author: Brayden Lindrea, CoinTelegraph; Compiled by: Deng Tong, Golden Finance
Metaplanet aims to expand its Bitcoin reserves more than fivefold to 10,000 Bitcoins in 2025, as analysts predict This year's bull run could push Bitcoin prices past $200,000.
The Japan-based venture capital firm is one of the most high-profile companies following MicroStrategy’s Bitcoin investment strategy in 2024, currently holding 1,762 Bitcoin worth $173.4 million, spread over 19 tranches Buy.
Metaplanet CEO Simon Gerovich said in a Jan. 5 10,000 BTC.
Gerovich also stated that 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’re not just building a company, we’re building 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.
Source: Simon Gerovich
The plan comes as asset managers VanEck and Bitwise predict that by In 2025, the price of Bitcoin will reach $180,000 to $200,000 - and possibly even higher if the United States adopts a strategic Bitcoin reserve under the expected crypto-friendly Trump.
Gerovich said that if the United States insists on building Bitcoin reserves, it could "trigger a global domino effect."
"Countries around the world will follow suit, and Japan is one of those who see the United States as their big brother and follow in its footsteps, so if President Trump does make it a strategic reserve, Japan and many others in Asia will also will follow suit,” Gerovich explained at Michael Saylor’s Bitcoin New Year’s Party in Florida.
Metaplanet is one of many companies to get involved in Bitcoin in 2024, which has gained about 120% in a year.
Metaplanet purchased 619.7 Bitcoins on December 23, its largest purchase and accounting for all of its reserves.With more than 35% of its holdings, its shares have risen 27.5% since it first started accumulating Bitcoin on April 23, with an average purchase price of $77,196.
Metaplanet share price changes over the past 12 months. Source: Google Finance
Gerovich’s company plans to increase its Bitcoin holdings in 2025 and beyond, using a variety of options including loans, stocks, and convertible bonds.
On Dec. 18, the company forecast an operating profit for the year ending Dec. 31, which would be its first since 2017.