Metaplanet plans to increase its BTC holdings to 10,000 by 2025
ChainCatcher news, according to Cointelegraph, Japanese listed company Metaplanet announced plans to expand its Bitcoin holdings to 10,000 by 2025. The company's CEO Simon Gerovich stated on January 5 that they will utilize the most value-added capital market tools to achieve this goal. Currently, the company holds 1,762 Bitcoins through 19 purchases, valued at approximately $173.4 million.As the largest corporate Bitcoin holder in Asia, Metaplanet ranks 15th globally among publicly listed companies in terms of Bitcoin holdings. The company plans to increase its holdings through various means such as loans, equity, and convertible bonds. The company's most recent purchase on December 23 involved 619.7 Bitcoins, accounting for over 35% of its total holdings, with an average purchase price of $77,196. Gerovich stated that if the U.S. establishes a strategic Bitcoin reserve under the new government, it could trigger a global chain reaction, with Asian countries like Japan potentially following suit.