Japan-based venture capital firm Metaplanet has announced plans to increase its Bitcoin holdings to 10,000 BTC by 2025, demonstrating optimism about the cryptocurrency's future.
Metaplanet's Bitcoin Goals
CEO Simon Gerovich shared the company’s strategy, stating that they will leverage various financial tools to achieve their goal. The company is focused on expanding its Bitcoin reserves and fostering adoption in Japan and worldwide.
Strategic Acquisitions and Forecasts
In 2024, Metaplanet accelerated its Bitcoin acquisition, purchasing more than a third of its current holdings — 619.7 Bitcoins. To finance this expansion, the company plans to utilize a mix of loans, equity, and convertible bonds.
Financial Achievements and Company’s Future
On the back of its Bitcoin strategy, Metaplanet recently projected an operating profit for 2024, its first since 2017, underscoring their recovery and cryptocurrency-based growth strategy.
Metaplanet continues to strategically invest in Bitcoin, aiming to establish itself as a key player in the global Bitcoin ecosystem.
