Metaplanet, a venture capital firm based in Japan, has announced its ambition to significantly increase its Bitcoin holdings. Currently possessing 1,762 Bitcoin, the company plans to expand this amount to 10,000 by 2025, marking a 467% increase. This strategic move comes as market analysts anticipate a potential bull run that could see Bitcoin prices soar to over $200,000.
The firm’s CEO, Simon Gerovich, emphasized their commitment to this goal in a recent post, explaining that they will employ the most beneficial capital market tools to accomplish this. Gerovich also highlighted Metaplanet’s mission to bolster Bitcoin adoption both within Japan and globally, aiming to enhance its influence within Japan and the broader Bitcoin ecosystem. He stated, “We’re not just building a company but driving a movement.” Currently, Metaplanet is recognized as the largest corporate Bitcoin holder in Asia and ranks 15th among publicly listed companies worldwide in terms of Bitcoin assets.
The expansion plan is partly motivated by predictions from asset managers VanEck and Bitwise, who foresee Bitcoin reaching a valuation between $180,000 and $200,000 in 2025. A hypothetical scenario where the United States adopts a Bitcoin reserve under a potentially crypto-friendly administration could further elevate Bitcoin’s value and spur global adoption, including in Japan, should the U.S. take such a step.
Metaplanet significantly increased its Bitcoin reserves with a purchase of 619.7 Bitcoin on December 23, its largest single acquisition. This purchase accounts for more than 35% of its total Bitcoin assets. Since beginning its investment in Bitcoin on April 23 with an average purchase price of $77,196 per coin, the firm’s shares have risen by 27.5%.
Looking ahead, Metaplanet plans to use a variety of financial mechanisms, including loans, equity, and convertible bonds, to further augment its Bitcoin reserves. The company also projected its first operating profit since 2017, expected for the fiscal year ending December 31, highlighting a financial turnaround coinciding with its increased focus on Bitcoin investments.
