Metaplanet, a Japan-based venture capital firm, is on a mission to significantly increase its Bitcoin holdings from 1,762 to 10,000 BTC by 2025, as analysts anticipate a bullish trend that could elevate Bitcoin’s price to over $200,000.
Following the investment strategies of MicroStrategy, Metaplanet has made 19 purchases totaling approximately $173.4 million. CEO Simon Gerovich emphasized the firm’s commitment to utilizing effective capital market tools to achieve this goal while also promoting Bitcoin adoption both in Japan and globally.
Metaplanet currently holds the title of the largest corporate Bitcoin holder in Asia and ranks 15th among publicly listed companies in terms of Bitcoin holdings.
Gerovich highlighted the potential impact of a strategic Bitcoin reserve by the United States, particularly under a possible crypto-friendly Trump administration, suggesting that such a move could inspire other countries, including Japan, to follow suit.
The firm’s aggressive strategy comes in the wake of a remarkable 120% increase in Bitcoin’s value throughout 2024. Notably, Metaplanet’s largest acquisition occurred on December 23, when it purchased 619.7 Bitcoin, representing over 35% of its total holdings.
To finance its ambitious expansion, Metaplanet plans to leverage a combination of loans, equity, and convertible bonds. Additionally, the firm anticipates achieving its first operating profit since 2017 for the fiscal year ending December 31.
