Japanese’s version of MicroStrategy, Metaplanet, has outlined its ambitious plans to increase its Bitcoin holdings to 10,000 BTC in 2025.
Metaplanet intends to use accretive capital market tools, improve transparency, and engage shareholders through new initiatives, while also leveraging partnerships to drive Bitcoin adoption in Japan and globally.
CEO Simon Gerovich, described 2024 as a transformational year, highlighting record-breaking achievements:
Last year was transformational, as we broke records, expanded our Bitcoin treasury, and reinforced our position as Asia’s leading Bitcoin Treasury Company. This year, we’re laser-focused on execution and driving even greater value for our shareholders.
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Metaplanet’s CEO Says Japan Would Follow if US Creates Bitcoin Reserve
Speaking during Michael Saylor’s Bitcoin New Year’s Eve event, the CEO stated that if the United States adopts Bitcoin as a strategic reserve, it could spark a global domino effect, where Japan —often influenced by U.S. policy— could follow suit, along with other Asian countries.
The U.S. adopting a Bitcoin Strategic Reserve could trigger a global domino effect. As game theory kicks in, nation-states will race to accumulate Bitcoin, knowing the last to act will pay the highest price. Fixed supply. Infinite demand
Metaplanet’s recent acquisition of 619.7 BTC, its largest to date, added around $60.6 million worth of Bitcoin to its holdings, bringing its total to 1,761 BTC. Although the firm currently ranks 15th among corporate Bitcoin holders, it aims to climb the ranks, with MicroStrategy, Marathon Digital, and Riot leading the pack.
The news comes as MicroStrategy expanded its Bitcoin holdings to 447,470 BTC, bought for a combined $27.97 billion at an average price of $62,503 per Bitcoin. These holdings make up 2.1% of Bitcoin’s total supply.
To fund the purchase, the company sold shares through a convertible notes sales agreement, following its usual approach for such acquisitions.
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