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Metaplanet enters the fresh year with a bullish attitude towards Bitcoin and blockchain technology.
After announcing overdue last year that it had purchased 1 billion yen worth of Bitcoin, the Japanese company is making headlines again by announcing plans to raise its holdings to 10,000 Bitcoins.
Metaplanet’s decision to double the world’s largest digital asset comes amid favorable political and economic conditions, with analysts expecting Bitcoin to hit Soon 200 thousand
Currently, Metaplanet boasts 1,762 Bitcoins worth $173.4 million and is one of the top companies according to MicroStrategy’s Bitcoin investing guide.
CEO announces goal of 10,000 Bitcoins
CEO Simon Gerovich shared the company’s latest investment plan in a Fresh Year’s Day post to shareholders. In a Jan. 5 post on Twitter/X, Gerovick praised the company’s exceptional performance as it expanded its Bitcoin holdings and strengthened its position as the largest holder of digital assets in the region. In a lengthy message, he reiterated the company’s commitment to assets and increasing shareholder value.
Elated Fresh Year to our dear shareholders! As we enter 2025, I couldn’t be more excited about what’s next for Metaplanet. Last year was a breakthrough as we broke records, expanded our Bitcoin portfolio and strengthened our position as Asia’s leading Bitcoin vault… pic.twitter.com/K2HsOS8TaZ
— Szymon Gerowicz (@gerowicz) January 5, 2025
Gerovick announced at least four goals for Metaplanet this year. The company’s main goal is to raise BTC resources to 10,000. Bitcoins. Additionally, Metaplanet also plans to raise transparency, leverage partnerships to promote Bitcoin adoption, and explore other inventive opportunities that could expand the company’s influence in the market Bitcoin and the blockchain niche.
Investment plans appear when conditions are favorable
The Japanese company’s aggressive moves into the cryptocurrency space come amid favorable market conditions and improved price prospects. Both Bitwise and VanEck predict that Bitcoin will be worth from PLN 180,000 this year. up to 200 thousand dollars. They believe that key digital assets could be traded at higher prices if the U.S. government approves a plan to adopt a Strategic Digital Asset Reserve.
Other analysts are offering bolder Bitcoin price predictions and potentially better altcoin performance thanks to a second Trump administration.
According to Gerovich, if the U.S. government pushes Bitcoin Strategic Reservesthen others can follow suit. The Metaplanet CEO added that Japan is one of the first countries to follow suit, and other Asian countries will implement the same initiative.
Start of movement
In the same post, Gerovich describes the company’s initiative as a “movement” based on its commitment to excellence. He then teases his followers by saying 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 15th among global public companies. The company first started investing in Bitcoin last year as Bitcoin increased significantly due to increased institutional adoption.
Featured image from Pixabay, chart from TradingView