Metaplanet Eyes 10,000 BTC This Year
Metaplanet ushered in the new year with bullish sentiment toward Bitcoin and blockchain technology.
After announcing the purchase of 1 billion yen worth of Bitcoin late last year, the Japanese company once again made headlines by announcing plans to increase its holdings to 10,000 Bitcoins.
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Analysts predict Bitcoin could take a hit as Metaplanet decides to double down on top global digital assets amid favorable political and economic conditions Soon it was $200,000.
Metaplanet currently holds 1,762 Bitcoins worth $173.4 million and is one of the top companies following MicroStrategy’s Bitcoin investment strategy.
CEO announces 10,000 Bitcoin goal
CEO Simon Gerovich shared the company’s latest investment plans in a New Year post to shareholders. In a Twitter/X post on January 5 of last year, Gerovick acknowledged the company’s stellar performance, expanding its Bitcoin holdings and solidifying its position as the largest holder of the digital asset in the region. In the lengthy message, he reiterated the company’s commitment to its assets and enhancing shareholder value.
Happy New Year to our valued shareholders! As we move into 2025, I’m very excited about the future of Metaplanet. Last year was a transformative year as we broke records, expanded our Bitcoin vault and solidified our position as Asia’s leading Bitcoin vault… pic.twitter.com/K2HsOS8TaZ
— Simon Gerovich (@gerovich) January 5, 2025
Gerovick has announced at least four goals for Metaplanet this year. The company’s main goal is to expand its BTC holdings to 10,000 Bitcoins. Additionally, Metaplanet plans to increase transparency, leverage partnerships to promote Bitcoin adoption, and explore other innovative opportunities to enhance the company’s presence in the industry. Bitcoin and blockchain niche markets.
Investment plan meets favorable conditions
The Japanese company is aggressively venturing into the cryptocurrency space amid favorable market conditions and better price prospects. Both Bitwise and VanEck predict that Bitcoin will trade between $180,000 and $200,000 this year. They believe that top digital assets could trade at higher prices if the U.S. government approves plans to adopt a strategic digital asset reserve.
Other analysts have made bolder predictions for Bitcoin’s price due to the second Trump administration, and altcoins may perform better.
Growich said that if the U.S. government promotes Bitcoin strategic reserveand then others can follow suit. Metaplanet’s CEO added that Japan was one of the first countries to follow suit and that other Asian countries would also implement the same move.
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start a movement
In the same article, Gerovich described the company’s move as a “movement” based on its commitment to excellence. He then teased his followers that 2025 will be another breakthrough year for Metaplanet in terms of innovation, progress and success.
Metaplanet’s Bitcoin holdings are currently the largest in Asia and rank 15th among listed companies globally. The company first began investing in Bitcoin last year, when soar This is largely due to increased institutional adoption.
Featured image from Pixabay, chart from TradingView