Metaplanet wants to increase its bitcoin holdings to 10,000 by 2025
Metaplanet started buying Bitcoin as a strategic treasury in May 2024
The Tokyo-listed company currently holds 1,761.98 bitcoins
It saw Bitcoin's yield rise 310 percent between October 1, 2024 and December 23, 2024, compared to 41 percent between July 1, 2024 and September 2024.
Metaplanet is on a mission to grow its Bitcoin holdings to 10,000 by 2025 and will use the partnership to increase Bitcoin adoption globally.
Metaplanet CEO Simon Gerovic said in a post on X that the Tokyo-listed company is “using the most acceptable capital market instruments available to us to expand our Bitcoin holdings to 10,000 BTC.”
Reflecting on its 2024 performance, the company highlighted that it had “broken records, expanded our Bitcoin treasury, and solidified our position as Asia's leading Bitcoin treasury company.”
Happy New Year to our valued shareholders! As we head into 2025, I couldn't be more excited about what's in store for Metaplanet. Last year was transformative, as we broke records, expanded our Bitcoin treasury and solidified our position as Asia's leading Bitcoin treasury… pic.twitter.com/K2HsOS8TaZ
— Simon Gerovich (@gerovich) January 5, 2025
Buying Bitcoin
As of May 2024, Metaplanet is acquiring Bitcoin as a strategic treasury fixed rate. In June, he bought $6.2 million worth of bitcoins. This was followed by a $2.5 million purchase in July, a $7 million purchase of bitcoin in October, and an additional $11.7 million in November.
The most recent bitcoin purchase was in late December at 620 bitcoins for $60 million. As of now, Metaplanet currently holds 1,761.98. In comparison, MicroStrategy holds 447,470 bitcoins with its latest $101 million purchase taking place at the end of December 2024.
In the year According to an announcement from Metaplanet on December 23rd, Bitcoin's productivity has seen it reach nearly 310% between October 1st, 2024 and December 23rd, 2024.
In terms of building Bitcoin holdings, Gerovich added at X, among other things, Metaplanet will focus on building partnerships to “advance Bitcoin adoption in Japan and globally” by exploring new opportunities to increase Metaplanet's influence in Japan and the Bitcoin ecosystem. “
