In December 2024, Bitcoin [BTC] reached a milestone of $100,000, sparking institutional interest. In light of these events, Metaplanet announced plans to increase its Bitcoin holdings.
Metaplanet's 2025 Plan
Metaplanet aims to increase its Bitcoin holdings fivefold by 2025, targeting 10,000 BTC. CEO Simon Gerovich shared these plans on the social network X, highlighting the use of the most efficient capital market tools. Furthermore, the company plans to focus on transparency and enhancing shareholder engagement through innovative initiatives, as well as expanding partnerships to promote Bitcoin adoption in Japan and globally.
Parallels with MicroStrategy
Metaplanet's strategy mirrors MicroStrategy's approach to Bitcoin investments. Currently, Metaplanet holds 1,762 BTC, worth $173.4 million, making it Asia's largest corporate Bitcoin holder. On December 23rd, the company acquired 619.7 BTC at an average price of ¥15.3 million ($97,786) per Bitcoin, increasing its holdings to 1,761.98 BTC, valued at over $164 million. According to BitcoinTreasuries, Metaplanet now ranks 15th globally among publicly listed companies in terms of Bitcoin ownership.
Stock Market Impact and Forecasts
Metaplanet's aggressive BTC accumulation strategy aligns with bullish forecasts from asset managers like VanEck and Bitwise, predicting Bitcoin could reach $180,000 to $200,000 by 2025, potentially higher under a pro-crypto U.S. administration. This strategy positively impacted Metaplanet's stock, with shares rising 2.73% to ¥3,575.00, indicating growing investor confidence in the company's foresight.
Metaplanet's plans to increase its Bitcoin holdings underscore the significance of cryptocurrency strategies in today's environment. The impact of growing institutional demand for Bitcoin on the broader crypto market remains to be assessed.
