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Metaplanet holds 1,762 Bitcoin and wants to increase its stash by 467% to hold 10,000 in total.
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Metaplanet is aiming to expand its Bitcoin stash more than fivefold to 10,000 Bitcoin in 2025, as analysts predict a bull run this year that could see Bitcoin rise above $200,000.
The Japan-based venture capital firm was one of the most notable companies to follow MicroStrategy’s Bitcoin investment playbook in 2024 and currently holds 1,762 Bitcoin (BTC) worth $173.4 million from 19 purchases.
Metaplanet CEO Simon Gerovich said in a Jan. 5 X post that its aim this year is to increase its holdings to 10,000 BTC “by utilizing the most accretive capital market tools available to us.”
Gerovich also said it aims to advance Bitcoin adoption in Japan and globally, as well as to “grow Metaplanet’s impact in Japan and the Bitcoin ecosystem.”
“We’re not just building a company but driving a movement,” said Gerovich. Metaplanet is the largest corporate Bitcoin holder in Asia and has the 15th largest Bitcoin holdings among publicly listed companies, according to BitcoinTreasuries data.
Source: Simon Gerovich
The plan comes as asset managers VanEck and Bitwise predict Bitcoin will reach $180,000 to $200,000 in 2025 — or potentially higher if the United States adopts a strategic Bitcoin reserve under an expected crypto-friendly Trump administration.
Gerovich said if the US follows through with a Bitcoin reserve, it could “trigger a global domino effect.”
“Countries around the world will follow, Japan is one of those countries where they do look to the US as their big brother, following their footsteps, so if President Trump does adopt it as a strategic reserve then Japan and many other countries in Asia will do the same,” Gerovich explained at Michael Saylor’s Bitcoin New Years Eve party in Florida.
Metaplanet is among many firms that plunged into Bitcoin in 2024, as Bitcoin gained around 120% over the year.
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Metaplanet’s latest purchase of 619.7 Bitcoin on Dec. 23 was its largest — representing over 35% of its entire stash, and its shares are now up 27.5% since it first started accumulating Bitcoin on April 23 with an average purchase price of $77,196.
Metaplanet’s change in share price over the last 12 months. Source: Google Finance
Gerovich’s firm plans to utilize a mix of loans, equity and convertible bonds to increase its Bitcoin holdings in 2025 and beyond.
On Dec. 18, the firm forecasted to see an operating profit for the fiscal year ending Dec. 31, which would mark its first since 2017.
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