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Metaplanet Announces Expansion of Bitcoin Reserves to 10,000 BTC

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by A1

a day ago


Metaplanet has announced its plans for 2025, which include expanding its bitcoin reserves to 10,000 BTC amidst significant cryptocurrency industry interest.

Metaplanet's Plans for 2025

Metaplanet's CEO, Simon Gerovich, wished shareholders a Happy New Year, unveiling the company's plans for 2025. He highlighted 2024 as a transformational year where Metaplanet set records and fortified its position as Asia's leading Bitcoin Treasury Company. Metaplanet plans to: 1. Expand BTC holdings to 10,000 BTC; 2. Enhance transparency and shareholder engagement; 3. Leverage partnerships to advance bitcoin adoption in Japan and globally; 4. Explore innovative opportunities to grow the company's impact.

Bitcoin Trades Above $99,000

At the time of writing, bitcoin is trading above $99,000, having increased by 1% in the last 24 hours. BTC's price was boosted following renewed inflows into BTC ETFs, reaching the most significant inflow of $908 million since November.

Optimism and Crypto Industry Growth

Metaplanet's announcement comes amid increased institutional interest in bitcoin, following MicroStrategy’s similar announcement. BTC remains in the spotlight, with expectations that more than a dozen US states will pursue strategic BTC reserve legislation in 2025. Confidence in BTC's future continues to grow despite the absence of an executive order from Trump.

Metaplanet is preparing for significant expansion of its bitcoin reserves in 2025, mirroring optimism and growing interest in crypto trading.

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