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Metaplanet ushers in the new year with bullish sentiment on Bitcoin and blockchain technology.
After announcing late last year that it had bought ¥1 billion worth of Bitcoins, the Japanese company is making headlines again by announcing its plans to increase its holdings to 10,000 Bitcoins.
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Metaplanet’s decision to double down on the world’s top digital asset comes at a time of favorable political and economic conditions, with analysts expecting Bitcoin to reach $200k soon.
Currently, Metaplanet has 1,762 Bitcoins, worth $173.4 million, and is one of the top companies following the MicroStrategy Bitcoin investment playbook.
CEO Announces Target of 10k Bitcoins
CEO Simon Gerovich shared the company’s latest investment plan in a New Year’s message to shareholders. In a post on Twitter/X last January 5, Gerovick acknowledged the special performance of the company, in which it expanded its Bitcoin holdings and strengthened its position as the largest regional manager of digital assets. In a lengthy message, he reiterated the company’s commitment to assets and increasing shareholder value.
Happy New Year to Our Valued Shareholders! As we enter 2025, I couldn’t be more excited about what’s next for Metaplanet. Last year was revolutionary, as we broke records, expanded our Bitcoin portfolio, and solidified our position as the leading Bitcoin Treasury in Asia… pic.twitter.com/K2HsOS8TaZ
– Simon Gerovich (@gerovich) January 5, 2025
Gerovick announced at least four goals for Metaplanet this year. The main goal of the company is to increase its BTC capital to 10k Bitcoin. In addition, Metaplanet also plans to improve visibility, increase cooperation to improve the adoption of Bitcoin and explore other new opportunities that can increase the company’s influence in the Bitcoin and blockchain niche.
Investment Plans Come in Favorable Times
The Japanese company’s foray into the crypto space comes at a time of favorable market conditions and better price prospects. Both Bitwise and VanEck predict that Bitcoin will trade anywhere from $180k to $200k this year. They believe that high-quality digital assets can trade at high prices if the US government approves a program to accept the storage of strategic digital assets.
Some analysts are giving bold price predictions for Bitcoin and better performance from altcoins due to Trump’s second administration.
According to Gerovich, if the US government pushes for Bitcoin strategic reserves, others may follow suit. The manager of Metaplanet added that Japan is one of the first countries to follow suit, and other Asian countries will use the same system.
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Starting the Movement
In the same post, Gerovich describes the company’s move as a “move” based on its commitment to excellence. He then teased his followers, saying that 2025 will be another year for Metaplanet in terms of innovation, progress, and success.
Metaplanet’s Bitcoin Holdings is currently the largest in Asia and 15th among the world’s public companies. The company started investing in Bitcoin last year, as Bitcoin became more popular due to increased institutional adoption.
Featured image from Pixabay, chart from TradingView