Metaplanet Aims for 10,000 BTC by 2025 Amid Bullish Projections
Metaplanet, Asia’s largest corporate bitcoin holder, plans to expand its bitcoin holdings from 1,762 bitcoins to 10,000 bitcoins by 2025, using loans, equity and convertible bonds. CEO Simon Gerovich revealed the strategy on January 5, in line with optimistic predictions of Bitcoin reaching $200,000 under a potentially crypto-friendly U.S. government. Inspired by MicroStrategy’s strategy, the company aims to promote Bitcoin adoption globally and in Japan. Metaplanet’s recent purchase of 619.7 BTC highlighted its aggressive approach, sending its shares up 27.5% since April 2024. Analysts believe this is a major move in a potential Bitcoin bull run.
