Japanese Company Metaplanet: End Of Year Must Have 10,000 Bitcoins
JAKARTA - Japan-based investment company Metaplanet recently announced its plans to add their Bitcoins. Metaplanets are not responsible for setting a target of 10,000 Bitcoins.
This was conveyed by the company in an announcement made on January 5, 2025. Metaplanet CEO, Simon Gerovich, revealed that the company has a target of having 10,000 BTC (or around Rp. 162,000,000,000) by the end of 2025. The effort has the potential to strengthen the company's Bitcoin Treasury strategy and strengthen the Metaplanet's position as a major player in the global corporate cryptocurrency sector.
Gerovich added that the huge achievement achieved by Metaplanets in 2024 has provided a solid foundation for this big ambition. Last year, Metaplanets managed to significantly increase their Bitcoin reserves, making it one of the leading companies in the Asian region in terms of Bitcoin ownership.
Currently, Metaplanets are recorded to have 1,762 BTC (around Rp28.5 billion). Metaplanets are currently ranked 15th in the world as the largest Bitcoin holder of the corporate sector.
As part of this expansion plan, Metaplanets plan to use various capital market instruments, such as stock issuance and loans, to fund their Bitcoin purchases.
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Gerovich also revealed that their company will follow in the footsteps of MicroStrategy, the company currently holding 446,400 BTC (approximately IDR 7.2 trillion), in a similar way, namely by utilizing debt and bond issuance to support their Bitcoin accumulation.
With the aim of reaching 10,000 BTC, the Metaplanet needs to buy more than 8,000 BTC by 2025. If achieved, this move will take them to the top ranks of the world's largest Bitcoin holders, which will certainly strengthen the role of the Metaplanet in developing Bitcoin adoption in Japan and the global market.
Gerovich stressed that their goal is not only to grow the company, but also to encourage Bitcoin's role in the global economy. "We are not only building companies, but also encouraging big movements for the future of Bitcoin," Gerovich said, closing the announcement.