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Metaplanet rings in the new year with bullish sentiment on Bitcoin and blockchain technology.
After announcing late last year that it had purchased ¥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 most important digital assets comes amid favorable political and economic conditions, with analysts expecting Bitcoin could take a hit. Soon $200,000.
Currently, Metaplanet holds 1,762 Bitcoins, worth $173.4 million, and is one of the top companies following MicroStrategy’s Bitcoin investment playbook.
CEO announces goal of 10,000 Bitcoins
CEO Simon Gerovich shared the company’s latest investment plan in a New Year’s post for shareholders. In a Twitter/X post last January 5, Gerovick acknowledged the company’s exceptional performance, expanding its Bitcoin holdings and solidifying its position as the largest digital asset holder in the region. In the lengthy message, he reiterated the company’s commitment to operating and increasing shareholder value.
Happy New Year to our valued shareholders! As we step into 2025, I couldn’t be more excited about what lies ahead for Metaplanet. Last year was transformational as we broke records, expanded our Bitcoin treasury and cemented our position as Asia’s leading Bitcoin Treasury… pic.twitter.com/K2HsOS8TaZ
— Simon Gerovich (@gerovich) January 5, 2025
Gerovick has announced at least four goals for Metaplanet this year. The company’s primary goal is to grow its BTC holdings to 10,000 Bitcoin. In addition, Metaplanet also plans to increase transparency, form partnerships to promote Bitcoin adoption, and explore other innovative opportunities that can increase the company’s influence in the world. Bitcoin and blockchain niche.
Investment plans come at a time of favorable conditions
The Japanese company’s aggressive moves into the crypto space come amid favorable market conditions and better price prospects. Both Bitwise and VanEck predict Bitcoin will trade between $180,000 and $200,000 this year. They believe that key digital assets could trade at higher prices if the US government approves the plan to implement the strategic reserve for digital assets.
Other analysts are offering bolder price predictions for Bitcoin and possible better altcoin performance thanks to a second Trump administration.
According to Gerovich, if the US government follows through with the Bitcoin Strategic Reservesthen others can follow suit. The Metaplanet CEO added that Japan will be one of the first countries to follow suit, and other Asian countries will implement the same initiative.
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Start a movement
In the same post, Gerovich describes the company’s initiative as a “movement” anchored in its commitment to excellence. He then teases his followers, 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 rank 15th among global listed companies. The company first started investing in Bitcoin last year, under the name Bitcoin rose significantly due to increased institutional adoption.
Featured image from Pixabay, chart from TradingView
