On January 6, 2025, Tokyo-based investment firm Metaplanet announced its ambitious plan to increase its Bitcoin holdings to 10,000 BTC, a more than fivefold increase from its current 1,761.98 BTC, valued at approximately $175.4 million. CEO Simon Gerovich stated that the company aims to achieve this goal by leveraging various capital market tools.
Metaplanet's last purchase was on December 23, 2024, when it acquired 619.7 BTC after raising 9.5 billion yen ($60.6 million) through bond issuance. The firm began adopting Bitcoin as a strategic treasury reserve asset in May 2024 and has been actively buying since then.
As of now, Bitcoin is trading at $99,472, up 1.24% in the last 24 hours, while Ether is at $3,670, climbing 1.16%. Metaplanet's stock rose 2.73% to 3,575 yen, despite the Nikkei 225 index dipping 1.48% on the same day. MicroStrategy remains the largest public corporate Bitcoin holder, with 446,400 BTC.