Metaplanet, a rapidly growing Japanese cryptocurrency pioneer currently ranked as the 15th largest corporate Bitcoin holder worldwide, announced ambitions to increase its Bitcoin reserves to 10,000 BTC by the year 2025.
CEO Simon Gerovich announced this target in a New Year’s message to shareholders.
In his recent tweet, Simon expressed that the past year was a period of significant change for us. We not only surpassed previous records but also grew our Bitcoin reserves significantly, further solidifying our status as the premier Asian Bitcoin Treasury Company.
2025 Greetings to Our Cherished Stockholders! As we embark on this new journey, I’m brimming with anticipation about the future of Metaplanet. The previous year was a period of transformation for us, marked by breaking records, increasing our Bitcoin reserves, and further strengthening our status as Asia’s foremost Bitcoin Treasury company.
— Simon Gerovich (@gerovich) January 5, 2025
The growth strategy is based on Metaplanet’s continuous acquisition of Bitcoin (BTC) throughout 2024. Over the course of the year, the company progressively boosted its Bitcoins from 225.611 BTC in July to 1,761.98 BTC by December 23rd.
This growth has been strategically financed by engaging in capital market operations, notably the sale of two significant bonds in December: a 4.5 billion yen zero-interest bond issued on December 17 and another 5.0 billion yen bond on December 20. Both these bonds will be repaid in June 2025.
On December 18, 2024, the company deepened its involvement with cryptocurrency by formally rebranding as a Bitcoin-focused Treasury firm. Shortly afterward, on December 23, it made its first significant move by purchasing 619.70 Bitcoins.
12/ We Fully Established Ourselves as a Bitcoin Treasury Company
This year marked the solidification of our role as a Bitcoin Treasury Company. Our goal? To foster Bitcoin acceptance, stimulate innovation, and maximize shareholder returns.— Simon Gerovich (@gerovich) December 28, 2024
In the year 2024, the company’s typical price for buying Bitcoins rose from approximately 9,972,933 Japanese yen per Bitcoin to around 11,846,002 Japanese yen per Bitcoin.
Or more concisely: The average cost of the company’s Bitcoin purchases in 2024 increased from 9,972,933 yen to 11,846,002 yen.
While Metaplanet’s existing assets are sizeable, they pale in comparison to the massive 444,262 Bitcoins held by the leading company in the industry, MicroStrategy.
Gerovich’s vision for 2025 goes beyond just amassing Bitcoin; it involves a three-pronged approach:
1. Enhancing transparency for shareholders by implementing innovative reporting methods.
2. Forging international collaborations to promote the use of Bitcoin worldwide.
3. Bolstering Metaplanet’s influence within Japan’s cryptocurrency market.
Aiming for 10,000 Bitcoins signifies nearly a six-fold rise from our present holdings, which could propel Metaplanet towards potentially higher spots among the top Bitcoin-holding corporations. Currently, companies like Marathon Digital (44,394 BTC), Riot Platforms (17,429 BTC), and Tesla (9,720 BTC) are already on this list.
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2025-01-05 19:58