BTC is close to $100,000 as MicroStrategy, Metaplanet plans to buy more

Two of the largest physical bitcoin (BTC) holders plan to continue adding more BTC to their already large coffers.

According to tweets over the weekend, Bitcoin development company MicroStrategy (MSTR) plans to raise up to $2 billion through preferred stock offerings to buy more bitcoin in the first quarter of 2025.

Elsewhere in Japan, the investment company Metaplanet said it aimed to buy 10,000 bitcoins (worth almost a billion dollars at current prices), in the year, along with several actions to increase the general use of bitcoin .

“By 2025, we aim to expand our Bitcoin holdings to 10,000 BTC using the most advanced capital market tools available, said CEO Simon Gerovich in an X post.

“Our partnerships will advance the adoption of Bitcoin in Japan and around the globe. Explore innovative opportunities to grow Metaplanet's impact in Japan and the Bitcoin ecosystem.”

The company – colloquially known as MicroStrategy Japan for being Asia's only corporate bitcoin custodian – is sitting on $175 million worth of BTC as of Monday and has a stock market capitalization of $830 million .

Meanwhile, MicroStrategy is sitting on $44 billion worth of bitcoin as of Monday and the $2 billion capital increase is said to be the result of the aforementioned 21/21 Plan, “a capital plan to $21 billion of equity and $21 billion of fixed income instruments over the next three years, per release.

So, co-founder and board member Michael Saylor mocked Monday's bitcoin purchases in an X post late Sunday with a photo of the SaylorTracker, a viral graph that tracks the company's purchases.

Since late 2024, Saylor has posted a chart of the SaylorTracker about a day before announcing a new purchase, leading to an expected bump in BTC prices but a sell-off when official announcements are made.

BTC trades above $99,700 in Asian morning hours on Monday, approaching the six-figure mark amid a pick-up in options markets.